The first federal budget under the Liberal Prime Minister Mark Carney will come down on November 4.
But Finance Minister Francois-Phillippe Champagne says this will not be a business as usual budget, “This budget is going to be a generational investment in Canada. There are a lot of parallels that I can make between 1945 and 2025 at a time when our largest trading partner neighbour is turning its back on Canada. We have to make significant investments to protect our workers, protect our industry, and now it’s going to be that collective effort we need to make to make sure that Canada is going to be resilient in this new world economic order. We’re in the middle of a global trade war. We need to make sure that we make a smart investment.”
Champagne adds that the federal government needs to be rigorous in its expenses and ambitious in its investment.
“I’m not sugar coating anything. We’re going to have to make tough choices. We’re going to be asking Canadians to work together with us, because they understand this is a transformational moment.”
