Billions of dollars in new spending and a ballooning deficit highlight the federal budget. Prime Minister Mark Carney’s first budget features $90 billion in net new spending over five years. The money will be invested in cross-country infrastructure projects, a direct hit to offset U.S. tariffs and boost Canadian productivity while cutting dependency on trade with the States. But the spending comes with a $78 billion price tag. That is nearly double the deficit that the Liberals forecast last year. In five years, the deficit is expected to drop to $56 billion.
d’Entremont Out
