Overview
- Prime Minister Mark Carney told a sold-out Canadian Club audience that the budget’s mix of tax incentives and spending on infrastructure, defence and innovation is a deliberate strategy to revive business investment and productivity.
- Carney highlighted an accelerated capital write-off dubbed a productivity super-deduction, a new Major Projects Office, and targets to mobilize $500 billion in private investment by 2030.
- Conservative Leader Pierre Poilievre condemned the projected $78.3‑billion deficit as the largest ever and outlined a market-first alternative focused on tax cuts, deregulation, resource exports and making home construction tax-free.
- Poilievre said he supports creating a competitive framework for stablecoins but opposes designs that would lead to a central bank digital currency.
- Parliamentary dynamics shifted after Nova Scotia MP Chris d’Entremont joined the Liberals and Alberta MP Matt Jeneroux announced his pending resignation, as the government defeated a Bloc amendment and prepared for a final budget vote the week of Nov. 17, with Conservatives pledging to vote no.