Spending blitz: Carney pumps billions into economy to counter trade war fallout

CBC: Finance Minister François-Philippe Champagne presented his first federal budget Tuesday and it includes big-ticket items to prop up an economy grappling with major economic disruptions but also cuts to the public service to get the fiscal house in order…

National Post: Overall, Ottawa has now accumulated 1.27-trillion in debt, almost half of it within the last five years. With Tuesday’s deficit forecast for this year, the federal government is now on track to have amassed $593.1-billion in debt over the last five years, or 46.7 per cent of the total debt from throughout Canadian history. More than half of that debt, or $327.7-billion of it, can be traced back to the fiscal year 2020-21 that included the start of the pandemic and the various policies that followed…

More on this:

A $78B deficit, public service cuts, new tax measures: Highlights of budget 2025

Six of the federal budget’s under-the-radar proposals, from space launches to better weather forecasts

Carney’s budget includes $150M boost for CBC and plan to ‘explore participation’ in Eurovision

Andrew Coyne: Carney’s first budget fails to meet the moment his government hyped so much

Federal budget signals Carney’s new tone on climate policy, but not much substance

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments