Theo Argitis

Prime Minister Mark Carney, once known as the Governor of the Bank of Canada, is set to table his first federal budget next month.With a few weeks left until the November 4th reveal, Ottawa is now putting the final touches on who gets what for the upcoming fiscal year.But with a projected deficit of $68B, Carney and his business-focused background will be looking for ways to spend smart, leaving some sectors inevitably vulnerable to cuts.Host Mike Eppel speaks to Theo Argitis, Senior VP of Policy at the Business Council of Canada, who also co-chaired a consultation proposal that outlines five points towards a prosperous upcoming budget. They discuss what challenges are up ahead for the Carney government, and the ways in which Ottawa could set some firm fiscal guardrails to prioritize economic growth. We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at hello@thebigstorypodcast.ca Or @thebigstoryfpn on Twitter

In this discussion, Theo Argitis, Senior VP at the Business Council of Canada, delves into Mark Carney's provocative thesis on economic disintegration and the role of state intervention. Argitis presents Carney's three main pillars, challenges the notion of a permanent economic crisis, and raises concerns about the risks of state activism. He contrasts Carney's framework with those advocating for private investment and highlights how tax perceptions impact political narratives on fairness, revealing the substantial tax burden of high-earning families in Canada.