Andrew Lawton: Carney’s budget makes Trudeau look responsible
Last week, the Carney government dropped a budget that erased any lingering hopes of fiscal restraint. Ottawa posted an $80-billion deficit, pushing Canada’s national debt toward $1.3 trillion and driving annual debt-interest costs above $55 billion — more than federal health transfers.International credit agency Fitch is now warning Canada of a potential downgrade, citing runaway spending and structural weakness. If Canada is hit, borrowing costs will rise, mortgage rates will be pressured, and taxpayers will face further financial strain.
Instead of signalling urgency, Prime Minister Mark Carney publicly brushed off questions about pipeline approvals, calling them “boring.”
Joining the show today, Conservative MP Andrew Lawton says Carney’s plan “is making Justin Trudeau look fiscally responsible,” warning that the Liberal government is racking up nearly double the debt Trudeau was set to add
Also, Martin Belanger, better known online as MartyUpNorth, says private-sector capital has fled the country and won’t return until Ottawa restores regulatory certainty — a situation he says threatens everything from pipelines to major industrial investment.
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