Hub Podcasts Carney's budget: A story of political floor crossings, not economics
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Nov 5, 2025 Amanda Galbraith, co-founder and president of Oyster Group, and David Coletto, founder and CEO of Abacus Data, dive into the Carney government's budget amidst political upheaval. They debate whether the budget's emphasis on macroeconomic growth over immediate household relief is a wise choice. The shocking floor-crossing of ex-Conservative MP Chris d'Entremont to the Liberals raises questions about its significance for Carney’s future and Pierre Poilievre’s leadership. Their insights reveal the political implications of this shift and the complexities of voter sentiment.
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Budget Falls Short Of Grand Promises
- Amanda Galbraith finds the budget workmanlike and not the transformational document promised by the government.
- She criticizes the deficit size, lack of public service cuts, and few immediate benefits for households.
Budget Matches Carney's Brand
- David Coletto says the budget matches Mark Carney's management-consultant brand focusing on macro growth and security.
- He warns it speaks more to older, well-off Canadians and offers little to those in immediate precarity.
Idea Over Announcements
- Sean Speer argues the budget is organized as a theory of the case rather than a few sticky announcements.
- David suggests first budgets often plant markers rather than deliver transformation immediately.