Carney defends deficit spending amid ‘worst crisis of our lifetimes’
- Liberal Leader Mark Carney proposed $129 billion in new spending with no plan to balance the budget, stating this approach is needed in the current crisis.
- Carney's platform includes major infrastructure projects like the Port of Churchill and a high-speed rail line, aiming to boost Canada's economy.
- His deficit projections include $62.3 billion for 2025-2026, potentially adding nearly $225 billion to federal debt over four years.
- Critics argue that Carney's spending plan is more reckless than his predecessor’s.
9 Articles
9 Articles
Mark Carney Predicts a Return to Surplus in 4 to 5 years
While campaigning in Trois-Rivières, QC, Liberal Leader Mark Carney raised the possibility of a return to balanced budgets within four or five years, even though his election platform forecasts deficits over the next four years. He said that he did not include this forecast in the official document out of caution and because of the climate of economic uncertainty heightened by Donald Trump. Carney criticized the Conservatives' fiscal framework, …
ANALYSIS | Conservatives say Carney is 'just like Justin.' Do they have a case?
The attempt to claim Mark Carney and Justin Trudeau are cut from the same political cloth has been a significant feature of the Conservative campaign. But it also raises questions of just how fair such comparisons are, and if they've been an effective attack against the Liberal leader.
5 Takeaways From the Costed Liberal Platform
Liberal Leader Mark Carney released his costed platform during the advance polling weekend and shortly after the leaders’ debates, promising $129 billion in new spending and no plan to balance the budget. Carney said this platform is needed to respond to the emergency situation created by the U.S. administration’s tariffs, which he said is the “biggest crisis of our lifetimes.” Billions of dollars are earmarked to build infrastructure across the…
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