Your World Tonight Budget day, China tourism in Canada, AI music hit, and more
Nov 4, 2025
Corina Roman, a CBC reporter, dives into the federal budget with insights on the $78 billion deficit and major spending plans. Catherine Cullen, political commentator from Parliament Hill, analyzes the budget's political ramifications and party reactions. Lisa Xing discusses China's renewed approval for group travel to Canada, hinting at thawing diplomatic ties. Paul Hunter reflects on Dick Cheney’s legacy following his passing, while Katie Simpson reports on local perspectives in Texas, a year after Trump's election win, capturing the ongoing political landscape.
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Budget Pivot To Building Things
- The Carney government's budget shifts from social programs to capital investment in infrastructure, housing, industry and defence.
- It pairs $141 billion in new spending with a $78 billion deficit and $60 billion in planned cuts over five years.
Major Military And Infrastructure Boost
- Defence and infrastructure get the largest new commitments, with nearly $82 billion for the military over five years and $32 billion for infrastructure.
- The spending represents a major refocus toward national security and industrial competitiveness.
Prepare For Federal Workforce Cuts
- The budget plans to cut 40,000 federal public service jobs by 2029 to save $60 billion over five years.
- Stakeholders should prepare for workforce reductions and slowed program growth under the new fiscal plan.