Adam Chambers

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@adamchamb

MP Simcoe North, adamchambersmp.ca

Midland, Ontario Joined March 2013

2.2K Following 7.6K Followers 3.8K Posts

Latest posts 5

Adam Chambers @adamchamb 3d

The deficit beat was driven by substantial revenue and expense adjustments, but the budget offered very little transparency on the expense side. Combine that with the government barely highlighting last year's result. You'd think they would be proud to repeat over and over again.
That signals there questions worth asking on why the lack of transparency. Or is the government trying to avoid explaining the adjustments?

Tyler Meredith Verified account @tylermeredith 3d

Forecast 2025-26 deficit prior to this week’s Budget

PBO: $67.7B
Scotia: $66.9B
RBC: $65.2B
Desjardins: mostly echo PBO

Actual: $39.3B

#cdnpoli
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Adam Chambers @adamchamb 3d

Given the deficit has dislocated from the borrowing needs of government, the fiscal anchor of deficit to gdp is no longer credible.
Instead, a measure tracking the stock of debt and associated expenses such as debt service costs to either revenue or gdp.
Both measures are deteriorating significantly.
Debt service costs will be 41% higher in a few years and will grow as a share of gdp from 1.8-2.2% (a 22% increase)
The government's preference for other numbers hide the true erosion of fiscal capacity and ability to manage a future crisis.

Andrew Coyne 🇺🇦🇮🇱🇬🇪🇲🇩 Verified account @acoyne 5d

A striking feature of recent budgets: the sharp and growing divergence between the budget deficit and the government's "financial requirement," which includes off-budget activities. Until recently there was little difference between the two. Now the gap is enormous.

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Adam Chambers @adamchamb 4d

A thoughtful reply to the budget

Michael Chong 🇨🇦 Verified account @MichaelChongMP 4d

My speech on the budget.

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Adam Chambers @adamchamb 4d

By constantly touting the Net Debt figure, the government is saying that because assets at the CPPIB increase every year, that provides the federal government with more spending capacity.

Corey Hogan 🇨🇦 Verified account @coreyhoganyyc 5d

ok bud

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Adam Chambers @adamchamb 5d

Canada's big banks have abused their dominance by removing their competitors products from their product shelves. This artificially increases their market share and harms consumers as a result.
"MP calls on Competition Bureau to review big banks dominance over mutual funds"
theglobeandmail.com/business/artic…

www.theglobeandmail.com MP calls on Competition Bureau to review impact of big banks’ dominance over mutual funds Decision to stop selling third-party investment funds has dramatically increased Big Five’s influence while harming branch customers, Adam Chambers says