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Carney Unveils CA$280B Budget, Doubles Canada's Deficit

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.

Metaculus Prediction

There's a 9% chance that a CANZUK Free Movement Treaty will be adopted before 2029, according to the Metaculus prediction community.



The Controversies




© 2025 Improve the News Foundation. All rights reserved.Version 6.17.0

© 2025 Improve the News Foundation.

All rights reserved.

Version 6.17.0