Carney’s First Budget Does Not Transform Canadian Economy

Canadian Prime Minister Mark Carney’s first budget, aimed at bold investments to stimulate the economy amid U.S. tariffs, has been criticized by analysts for lacking ambition due to the constraints of a minority government. The budget allocates $280 billion for infrastructure while cutting $60 billion in spending, with a projected deficit of $78 billion for the next fiscal year. While some measures were welcomed, critics argue there isn’t enough to drive significant growth. Despite challenges, Carney remains popular, with nearly half of Canadians preferring him as prime minister.