Prime Minister Mark Carney will deliver his second federal budget on Thursday as the Liberal government reveals next steps in its plan to support the country through an affordability crunch and the trade war. Carney has spent much of the first 20 months of his prime ministership retooling the Canadian economy with an eye toward […]

Prime Minister Mark Carney will deliver his second federal budget on Thursday as the Liberal government reveals next steps in its plan to support the country through an affordability crunch and the trade war. Carney has spent much of the first 20 months of his prime ministership retooling the Canadian economy with an eye toward […]

The parliamentary budget officer says Ottawa’s plan to slash the sales tax on housing would save an eligible first-time homebuyer an average of roughly $27,000 off the price of a newly built home.

Canada’s labour market added 76,000 jobs in January, beating economist expectations.

The article by Kyle Seeback, a Conservative MP, argues that Canadian conservatism is distinct from American Trumpism. He emphasizes that Canadian conservatism is rooted in parliamentary democracy, fiscal responsibility, and national sovereignty, contrasting it with Trump's divisive political style. Seeback criticizes the Liberal government for its economic mismanagement, including high taxes, unaffordable housing, and rising living costs, which have fueled public frustration. He asserts that demanding accountability for these failures is a legitimate democratic function, not Trumpian behavior. The piece highlights the importance of Canadian conservatives maintaining their unique political identity while opposing policies that prioritize foreign interests over national ones. Seeback also addresses media mischaracterizations of Canadian conservatism as synonymous with Trumpism, urging Canadians to focus on substantive policy debates rather than labels. His call for rejecting foreign interference and defending Canada's sovereignty underscores the article's focus on domestic political accountability and ideological clarity.

The recent editorial from The Globe and Mail highlights the uncertainty surrounding the Liberal government's fiscal plan, likening it to the thought experiment of Schrodinger’s Cat, where outcomes remain unclear until observed. The article points out that the spring economic update presents two conflicting fiscal scenarios: one with modest defence spending and gradual deficit reduction, and another with full implementation of the 5% GDP defence target, expanded social programs including pharmacare, and sustained deficits. The Parliamentary Budget Officer, Annette Ryan, notes that the true cost of achieving the 5% defence spending goal—estimated at $63 billion by 2036—is unclear in the current fiscal projections, posing a material risk to deficit and debt forecasts. The editorial also highlights uncertainty in the continuation of the five-year $1.5-billion pharmacare program, declining child care funding, and winding down of health care supplements for mental health and home care. While some Liberals argue that projections are flexible due to ongoing negotiations with provinces, the article concludes that the government’s fiscal plan is opaque and may signal a shift away from some Trudeau-era commitments. Overall, Canadians are left without clarity on future spending priorities and fiscal sustainability.

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ALT: a man is sitting in the back seat of a car wearing a seat belt .

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