Overview
- The plan adds nearly $90 billion in net new five‑year spending and forecasts a $78.3 billion deficit in 2025/26, with the debt-to-GDP ratio projected to reach about 43.1% by 2026/27.
- A 10‑year, $51 billion local infrastructure program and first‑year expensing to spur business investment anchor the pitch, though TD says only about $9 billion over five years is new money for local projects.
- Energy provisions reaffirm federal industrial carbon pricing, give the Pathways carbon capture project strategic status, and suggest an oil‑and‑gas emissions cap could be dropped if carbon markets, methane rules and carbon capture meet set conditions, with timelines still unclear.
- Roughly $1.6 billion over three years is earmarked for youth jobs and training, including Canada Summer Jobs, the Youth Employment and Skills Strategy, the Student Work Placement Program and a pilot Youth Climate Corps.
- With Chris d’Entremont joining the Liberals, the government is two votes or abstentions short of passing the budget, and riding‑specific commitments flagged by CBC could pressure Bloc, NDP and Conservative MPs.