No majority ambition in an update that stands pat on Liberal politics
Prime Minister Mark Carney's government released a modest spring economic update that avoided major policy shifts or ambitious reforms despite holding a new majority. The plan includes a $6-billion initiative to support skilled trades apprenticeships and a slight deficit reduction, but largely maintains existing spending trajectories. Finance Minister François-Philippe Champagne emphasized fiscal discipline, though nearly all new revenues were allocated to spending, leaving future deficits unchanged. The update reflects continuity rather than transformation, with limited moves to address long-term economic challenges like productivity and growth.
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Open this photo in gallery:Prime Minister Mark Carney, right, and Minister of Finance and National Revenue Francois-Philippe Champagne ahead of the tabling of the spring economic update on Parliament Hill in Ottawa on Tuesday.Justin Tang/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountWith a majority government now in hand, Mark Carney might have used the spring economic update to signal a new level of ambition.His Liberals could have opened a new round of reviews to trim federal programs to really make good on Mr. Carney’s promise to spend less to invest more. With 2½ years till they are forced to face an election, they might have taken on the thorny task of tax reform that scares off electorally minded politicians.But no.
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