Carney's first budget falls short on vow to transform Canadian economy
Reuters21 hrs
Carney Unveils CA$280B Budget, Doubles Canada's Deficit
Above: Mark Carney (R) and Francois-Philippe Champagne, Canada's finance minister, in Ottawa on Nov. 4, 2025. Image copyright: David Kawai/Bloomberg/Getty Images
The Spin
Government-critical narrative
Carney's budget is a massive betrayal that doubles the deficit through unchecked spending on military and vague trade schemes while giving corporations a free ride and imposing brutal austerity on working families. This isn't fiscal responsibility — it's reckless spending that benefits Bay Street billionaires while slashing vital public services and jobs that Canadians depend on.
Pro-government narrative
This budget delivers bold generational investments in infrastructure, defense and competitiveness while responsibly cutting bloated bureaucracy to strengthen Canada's economy. The strategic spending on nation-building projects and business incentives will create jobs and prosperity for decades to come. This generational blueprint promises resilient growth and global competitiveness.