A rise in program expenses pushed the deficit higher than the same period last year
Nearly half of the spending was on social protection and health
New capital framework introduced 6 weeks before Budget 2025
Feds moving to boost defence spending to levels not seen since the Cold War
Government aims to reduce share of temporary residents to 5% of population
Tax incentives, infrastructure spending should help, analysts say
Critics question scale of investment in budget marketed as 'transformational'
Experts say the projected deficit is broadly in line with expectations
Richard Chang of Canada Life offers his take on the 2025 Canadian federal budget
Richard Chang of Canada Life offers his take on the 2025 Canadian federal budget