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Comment by Michael.
PM Mark Carney is 100% right of his budget,
1. generational investments to make Canada the No 1 global energy supervisor
a. oil reserves : second largest
b. natural gas reserves : 4th largest
c. infrastructures from the resource rich heartlands to the West and East
d. diversify trade selling to Asia including China and India and European nations
2. build affordable houses across the country
3. finance investment by cutting spending and deficits
Given the economic crisis resulting from the ruptured trading relations with US, I am 100% confidence PM Mark Carney is 100% right of this budget.
All Canadians should be proud and grateful of his extraordinary leadership in time of crisis !!!
Comment by KD.
To the average Canadian voter, the term "deficit spending" is just some nebulous phrase routinely tossed about by opposition parties whose job it is to make a big deal of such things.
The most important question, I think, is: will voters notice that "deficit spending" at the grocery store or when trying to find housing? Because, ultimately, those are the two main concerns that are top of mind for the vast majority of Canadians.
If the Carney budget doesn't make them worse or better still, provides some relief, then Carney wins them over. In that scenario, the opposition parties can whine all they want about "deficit spending" but I doubt that their objections would land. And if the opposing parties trigger an election over it, the electorate would likely take them out to the woodshed...figuratively speaking.
Honestly, I think most Canadians understand the necessity of stimulating our economy with some deficit spending to spur growth and support our own major industries. And given the hostile, economic reality preferred by our neighbour to the south, I really don't think the government has anything to worry about...unless they fail to help with those affordability issues.
Comment by Malcyap.
Carney has not been on the job for a year yet and judging by what he has done to put Canada out there as ready for trade, I believe that he has started our journey. I would like to see his budget focused on bringing sovereignty back to Canada in all aspect. However, the historical tie to Nato will inevitably take us down a dangerous path given that the elephant south of us controls Nato.
Canada isnt under any threat from anyone other than the USA. Frankly speaking, it would be futile to fight any war with the US and people can dream. We arent a superpower, not a nuclear power and our army dwarfed that of the US. Other than the US, any other threat is created by the US to keep us in lock step with them. After all, they stand to benefit from any kind of increase defence spending. Our response, would if possible, to extricate Canada from a war mongering organization like Nato and be an non aligned country free to trade with every and any country in the world.
Comment by Gary.
We haven't given PM Carney much time to do everything he has promised but, still, he is producing a budget that will be revolutionary and positively disruptive. Canadians should be thankful for a visionary who forecasts a strong, united Canada, respected and admired on the world stage and among the world's top free trade advocates. Yes, he is pragmatic and his decisions will be controversial but this is leadership. What they will not be is regressive, superficial, populist, unreasonable, spiteful or divisive. I cannot imagine any intelligent opponent wanting to force an election over this initial budget of what is still a new government.
Comment by Richard.
Given that 70% of our economy is consumer spending…. It will be tricky business to grow that economy when you decide to layoff 70,000 to 80,000 well paid federal government employees. Who will, all in unison, stop spending. All those laid off auto workers and all those laid high-rise construction workers who used to build condos will also stop spending.
I am all for smaller government. But given our addiction to consumer spending - mass layoffs in every industry, now including the federal government so it seems, is going to make it very, very difficult to see the economy grow in the near to medium term.
The investments the Carney is alluding to are generational in nature and will not pay dividends for the Canadian economy for the next 10 to 15 years. Most of the new jobs that come with such investments won’t actually start appearing for a year or two.
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Comment by Norman.
This is a crucial budget for Carney. He loses progressive pro-climate objectives to go along with other policy, or he doesn’t. He can claim he can;'t do both. But we’ll find someone who can.
Comment by Bill.
Close loopholes so people will find it more difficult to invest offshore.
Collect unpaid taxes.
That should help.
Comment by Felicita.
Poilievre is determined to be PM and only thinks about himself. So, I highly doubt Conservatives will support this budget and will trigger a Christmas election. The Conservatives want to capitalize on the fact Carney has not made any gains with the tariffs and project themselves as Canada’s best choice against Trump.
When it comes to climate initiatives, Canada has always scored poorly. We have not done much with clime initiatives, even countries considered “third world” have done more and been more proactive in tackling a very real crisis.
Carney’s increase in defence spending came amidst Trump’s criticizing our lack of spending. However, Canada shouldn’t be like America and use majority of its money on just defence spending. America prioritizes their military above healthcare, education, housing and other basic needs. They spend trillions on their military, in part because they have the most military bases around the world, and somehow are always implicating themselves in other countries’ politics for their own political interests. America has literally provided over $18 billion in military supply to the Israeli government to bomb Gaza- a tiny strip of land in just 2024 alone. I don’t think Canadians would appreciate sacrificing funding on core areas (housing, healthcare, education, infrastructure, climate) to prop up military. Unless our government knows we’re entering some kind of war not known to Canadians, we need to maintain diplomacy and focus on bettering Canada. This should most definitely include greater independence from the American economy. edited
Reply by Felicita.
Quite frankly, Mayor Olivia Chow is accomplishing more than the Provincial and Federal governments.
Reply by Karl.
maybe true, I dunno, but that wasn't the issue.
Comment by Nick.
What are the odds, do you think, that the opposition parties led by the CPC defeat the budget motion, triggering a $650 million general election that the great majority of Canadians do not want, bringing our nation’s governance to a standstill at a time it needs it most, only for the Liberals to still form a minority government?
If so, we should be prepared for a very angry electorate.
Reply by Nick.
That was under a very unpopular government under some guy named Trudeau. He’s not around anymore. And it’s kind of irrelevant to the question. Emphasis, it’s merely a question, Kerry, not a prediction or an indication of preference. Pierre Poilievre is unpopular. Less than 40% of the electorate want to see him as their PM. That is a fact. And even some of that 40% really don’t want another general election right now. A non-confidence motion may be expected to set up a dynamic similar to last April, when defections from the NDP and Block voter base lifted the Liberals up from a 25 point deficit in the polls to win an unprecedented fourth term. It would be better, in my estimation, for the CPC to see the light and nominate a new, likeable leader in January, at which time it will be apparent whether or not this new budget meets with the approval of the electorate.
Reply by Norman.
I want Carney to be stopped, like after the next election. RIght now, with Carney having cost himself the support of many progressives and greens, the likely outcome would be a Poilievre government, and I’ll never be in favour of that.
Comment by Lance.
You can already see the Canadian media war machine hitting notch 8, trying to put a positive spin on this insane Liberal budget. Its just debt, debt and more debt.
The kids don't stand a chance cause Canadian boomers are gearing up to take it all.
Reply by Felicita.
We are also in the middle of a tariff war with Trump. Debt is inevitable at this point when you have an American president who believes he can annex Canada by “economic force”. Therefore, there will be no deal because Trump never intended to make one.
Reply by Norman.
What evidence is there that not accumulating more debt, related to things that will benfit us in the future will ruin our children's; future. Not taking appropriate action will ruin the future, no matter what it is. Debt could be a thing, although no one explains how. Overspending on the military could be thing. Not putting together energy infrastructure could be a thing. There are hundred things to be managed, not just one thing. People make up nonsense scenarios where the debt is the big boogey man. That’s about as simplistic as it gets.
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