Carney's 1st budget calls for billions in new spending to prop up tariff-hit economy

[Dr Strangelove]

Federal budget includes $141B in new spending — offset by cuts and savings as Ottawa slashes the bureaucracy



$141 billion more over the next five years — offset by $51.2 billion in cuts and savings.
A $78-billion deficit this fiscal year — lower than some economists had expected.
Slashes in bureaucracy by nearly 40,000 jobs through buyouts, attrition.
$51 billion for infrastructure to spur development.
Major projects like high-speed rail, new ports, carbon capture and storage face likely approval in the coming months.
An $81-billion funding package for the Canadian Armed Forces — including a Buy Canadian procurement plan.
Immigration getting slashed — with temporary residents like students and foreign workers to be cut by nearly 50 per cent.
The previously proposed emissions cap could be scrapped.

[Dr Strangelove]

Nova Scotia MP Chris d'Entremont is out of the Conservative caucus

Conservative MP says he’s considering joining Canada’s Liberal government

2 more...

[Dr Strangelove]

A majority by Friday is the word. 4 more to cross.

[Dr Strangelove]

Couldn't get anything done under pp, slogans are not leadership.

[Dr Strangelove]

[Dr Strangelove]

[testerone]

Amidst all the bitching about massive spending, no one will admit what happens without it.

[al_keda]

But he's spending to develop in country industries, services and projects like ports.

It may be deficit spending, but it's spending on things that will increase tax revenue. We knew that bringing in more and more immigrants to do that would only last for so long. He's flipping the script and spending on smarter things.

[Dr Strangelove]

Thinning the mix on immigration was a requirement at this point, so was ditching large portions of the climate agenda. This government is all in on trade, housing and defence. Furthermore tightening staff levels that will make Harper's cuts to the public service look like a modest haircut. All the while the population have all but cut out tourism, auto and alcohol sales to and for the US and looked to domestic options. The momentum of buy Canadian will only increase like a war bond against becoming a vassal.

[Dr Strangelove]