Carney's First Budget – November 4, 2025

Minister of Finance François-Philippe Champagne unveiled his first budget today with a deficit of more than 78 billion dollars. In an interview with CPAC host Michael Serapio, Champagne defends the spending in his budget, saying it will make Canada more competitive than the United States. The Liberal government announced its budget today, with a deficit of over $78 billion dollars. Jasraj Singh Hallan, the Conservative finance critic believes that the budget has too much spending. "It's impossible to fathom that someone who calls himself a budget expert is going to spend more than Justin Trudeau." The Bloc Québécois is unsatisfied with the Liberals’ budget. Jean-Denis Garon, the finance critic for the BQ, saying the budget spend enough on new infrastructure and the environment.