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6h ago

Carney Launches Push to Sell Investment-Heavy Budget as Critics Question Fiscal Credibility

The minority government seeks to spur private capital with front‑loaded measures as doubts focus on the path of deficits and debt.

Finance and National Revenue Minister Francois-Philippe Champagne reacts to an applause as he delivers the federal budget in the House of Commons on Parliament Hill in Ottawa, Tuesday, November 4, 2025. THE CANADIAN PRESS/Sean Kilpatrick
Spring 2020 graduates listen during a convocation ceremony at Simon Fraser University, in Burnaby, B.C., on May 6, 2022. THE CANADIAN PRESS/Darryl Dyck
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Overview

  • The prime minister opened a post-budget tour in Ottawa, calling the plan a bold response to global disruption, with the Bank of Canada governor set to face committee questions later today.
  • The budget sets out nearly $90 billion in net new spending over five years aimed at boosting manufacturing and construction.
  • A new $51 billion program funds local infrastructure projects including roads, bridges, hospitals and transit systems.
  • Federal projections show a $78.3 billion deficit in 2025/26 and a debt-to-GDP ratio reaching 43.1% by 2026/27.
  • Nova Scotia MP Chris d’Entremont crossed to the Liberals, moving them within two votes of a majority, as economists and opposition figures criticized the budget’s fiscal anchors.