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Carney’s 1st budget to show Canadians the ‘cost to sovereignty’: experts

The budget plans a one-percentage point income tax cut and increased military spending, with deficits expected above $60 billion amid efforts to reduce reliance on the U.S. economy.

  • Fiscal experts say Ottawa will have to justify a seismic shift in spending from government programs towards defense and infrastructure in the upcoming fall budget.
  • The budget will reveal the trade war's impact on Canada's economic outlook and the cost of becoming economically independent from the United States.
  • Observers expect the budget to show a ballooned federal deficit, potentially over $70 billion due to tariff revenue shortfalls, tax cuts, and increased spending on infrastructure and defense.
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CTV NewsCTV News
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Carney’s 1st budget to show Canadians the ‘cost to sovereignty’: experts

Fiscal experts say Ottawa will have to be transparent with Canadians in the upcoming fall budget to justify a seismic shift in spending away from government programs and toward defence and infrastructure.

·Canada
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Winnipeg Free PressWinnipeg Free Press
+27 Reposted by 27 other sources
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Carney's 1st budget to show Canadians the 'cost to sovereignty': experts

Breaking News, Sports, Manitoba, Canada

·Winnipeg, Canada
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Bias Distribution

  • 88% of the sources lean Left
88% Left

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Winnipeg Free Press broke the news in Winnipeg, Canada on Wednesday, September 10, 2025.
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