The Peak Daily Here comes the budget 🏧- Carney drops his first federal budget, Coke ushers in the age of AI ads.
Nov 5, 2025
The latest budget has everyone buzzing, revealing $141 billion in spending with $51 billion in cuts. Coca-Cola has taken a bold leap into AI for their holiday ads, showcasing the latest tech in advertising. A discussion emerges about Canada potentially joining Eurovision, and the hosts reminisce about Celine Dion's iconic past win. Additionally, there are insights on China's approval of group tours to Canada and Apple's plans for a more affordable MacBook. The blend of finance, culture, and technology makes for a riveting listen!
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Carney's Budget Reframes Federal Priorities
- Mark Carney's budget shifts Ottawa away from Trudeau-era social spending toward growth and defence priorities.
- The plan mixes big infrastructure and tax cuts but relies on deep public-sector job cuts and program savings to cover costs.
Aggressive Tax Cuts And Big Infrastructure Push
- The budget aims to make Canada's corporate tax rate the lowest in the G7 via capital investment tax cuts.
- It pairs a $51 billion infrastructure push with $81.8 billion in defence spending over five years to boost productivity and security.
Job Cuts And A Tight Parliamentary Clock
- The government plans nearly 40,000 public job cuts by 2028-29 to help pay for new spending.
- If opposition votes don't back the budget, Mark Carney risks another federal election soon.