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Carney Defends 'Bold' Budget 2025 as Critics Question Scale of Investment
The budget aims to attract $1 trillion in investment over five years to offset U.S. tariffs and position Canada as a leader in manufacturing and construction, officials said.
- Prime Minister Mark Carney unveiled the budget with a major infrastructure pledge, touting a $51 billion local infrastructure fund in Ottawa covering bridges, roads, hospitals and transit.
- Facing U.S. tariffs and demographic pressures, the budget predicts Canada's real GDP will be 1.8 per cent smaller by the end of 2027 and is limited by the government’s structural deficit.
- TD Economics warned much of the local infrastructure funding reflects reallocation rather than net new cash, noting only $8.3 billion of the increase is actually new money.
- The plan drew a lukewarm reception from opposition leaders and Peter Bethlenfalvy, Ontario's finance minister, who said it lacked ambition, while the government needs votes or abstentions to pass the budget.
- Carney said the plan aims to attract significant investment over five years, shifting to boost capital investment while cutting operational spending growth from eight per cent to less than one per cent.
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33 Articles
Sask Today+6 Reposted by 6 other sources
Carney says budget built for a 'crucial time' of global trade disruption
OTTAWA — The federal budget is a "bold response" to meet a crucial moment of global trade disruption, deep divisions and accelerating technological change, Prime Minister Mark Carney said Wednesday as he began the task of selling the first government
Winnipeg Free Press+13 Reposted by 13 other sources
Carney defends 'bold' Budget 2025 as critics question scale of investment
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Public service will be cut as Ottawa slashes spending by $58.2 billion over five years, budget says
Mark Carney’s Liberals plan to curb federal spending by about $58.2 billion over five years by slashing public service jobs, axing and winding down programs, and reducing benefits for some
·Toronto, Canada
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Total News Sources33
Leaning Left16Leaning Right0Center3Last UpdatedBias Distribution84% Left
Bias Distribution
- 84% of the sources lean Left
84% Left
L 84%
C 16%
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