The Business Council of Canada says Canada is in an "investment crisis" but warns prosperity can't be achieved by taking on more debt. The council's submission is one of nearly one thousand the government received in recent weeks, ahead of the Liberals' budget tabling on Nov. 4. A projection by the Interim Parliamentary Budget Officer last week warned the federal deficit could jump to $68.5 billion this year, up from an estimated $51.7 billion last year. The PBO report last week forecasted Ottawa will blow past those anchors in the upcoming budget, with an expectation the federal debt-to-GDP ratio will no longer decline in the coming years. The Liberal election platform promised to balance the operating budget by 2028, and ensure the government debt-to-GDP ratio declines over the budget horizon.