OTTAWA — Prime Minister Mark Carney says the core of his government’s strategy in the coming November budget will be to spur “unprecedented” investments in Canada over the next five years.
Carney says the federal government has the “fiscal capacity to act decisively” to meet a critical moment, as the U.S. turns to protectionism and lashes out at allies with tariffs at levels not seen since the Great Depression.
Carney says his government will make “generational investments” and that “now is not the time to be cautious because fortune favours the bold.”
Carney made the comments in a speech designed to set the stage for his first fiscal plan, due to be released Nov. 4.
The coming budget will include a climate competitiveness strategy, a new immigration plan and an international talent-attraction strategy.
Conservative Leader Pierre Poilievre says he told Carney earlier in the day in a private meeting that to secure his party’s support in the House of Commons, the prime minister must present an “affordable budget” that slashes taxes and caps the deficit.
This report by The Canadian Press was first published Oct. 22, 2025.
The Canadian Press
