Well, today is the Liberal/NDP Non-Coalition Coalition Budget Day!
- Thread starter Ron in Regina
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Seems to me when I brought my rental car back with 347 dents the hail stones were the size of golf balls .
Happened up near Ft. Nelson . Will see if I can find the pictures . Every panel had dents was a scary ride . About six inches deep on the highway nowhere to turn around or hide . Fortunately once we hit the hill it stopped . At the top of the hill going the other way we’re a group of cyclists heading into it . Have always worried about them .
The pounding noise was deafening , put on our sunglasses in case the windshield shattered . We stopped for a moose five or so miles down the road , they must have tough hides . My wife grabbed a handful off bottom of the windshield and yes they were the size of golf balls and hard as a rock . I am getting the shakes just thinking about it .
That was the trip from hell , forest fires everywhere .
The truth is we were headed into tough economic times regardless of who won the April 28 election. A major reason – which Prime Minister Mark Carney noted prior to the vote – was the polices of his predecessor, Justin Trudeau, whose decade-long government presided over the worst record of economic growth in Canada since the Great Depression…so we re-elected them…again?
That’s the situation the Carney government is facing, which also would have been the case if Pierre Poilievre and the Conservatives had won the election.
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What’s concerning is that having diagnosed the problems correctly, Carney seems to be following the path of the Trudeau (who Carney is not, he kept telling us) government, which he warned against leading up to the April 28 election.
Carney’s campaign platform, released on April 19, calls for $130 billion in new spending over the next four years, dramatically increasing federal deficits that had been projected by the previous Trudeau government in its fall economic statement last December.
Carney plans to run a deficit of $62.3 billion in this fiscal year, which started on April 1 and ends on March 31, 2026, compared to $42.2 billion by the previous Trudeau government.
In the 2026-27 fiscal year Carney’s projected deficit is $59.9 billion compared to Trudeau’s $31 billion, in 2027-28 $54.8 billion compared to $30.4 billion, and in 2028-29, $47.8 billion compared to $27.8 billion.
In total, Carney is projecting deficit spending of $224.8 billion over the next four years compared to $131.4 billion projected by the Trudeau government, an increase of 71%.
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No doubt the Trudeau government, had it survived, would have increased its deficit projections for the coming fiscal years, but the 71% increase over four years projected by the Carney government indicates that the new Liberal government will be following the same economic path as the previous one.
Doing the same thing over and over again expecting different results is the definition of insanity.
That’s the situation the Carney government is facing, which also would have been the case if Pierre Poilievre and the Conservatives had won the election.
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Carney’s campaign platform, released on April 19, calls for $130 billion in new spending over the next four years, dramatically increasing federal deficits that had been projected by the previous Trudeau government in its fall economic statement last December.
Carney plans to run a deficit of $62.3 billion in this fiscal year, which started on April 1 and ends on March 31, 2026, compared to $42.2 billion by the previous Trudeau government.
In the 2026-27 fiscal year Carney’s projected deficit is $59.9 billion compared to Trudeau’s $31 billion, in 2027-28 $54.8 billion compared to $30.4 billion, and in 2028-29, $47.8 billion compared to $27.8 billion.
In total, Carney is projecting deficit spending of $224.8 billion over the next four years compared to $131.4 billion projected by the Trudeau government, an increase of 71%.
GOLDSTEIN: Carney, like Trudeau, thinks big deficits are the answer to tough times — Toronto Sun
The Prime Minister seems to be following the path of his predecessor, which he warned against leading up to the April 28 election
Doing the same thing over and over again expecting different results is the definition of insanity.
Finance Minister François-Philippe Champagne signalled Wednesday there will be no spring budget and only a fall economic statement, despite his predecessor announcing pre-budget consultations earlier this year.
Asked by reporters about the date of the next budget, Champagne said his first three orders of business are tabling a motion to cut the bottom income tax bracket by one per cent, presenting a speech to the throne on May 27 and then publishing an economic update in the fall.
He made no mention of a budget, nor did he respond to repeated questions as to why the government would not be tabling a spring budget.
“The middle-class tax cut, that’s step one. Step two, you’re going to have a throne speech which will outline the Canadian government’s priorities, and there will be a fall economic statement to follow,” Champagne said after the first cabinet meeting since the shuffle Tuesday.
Conservative Leader Pierre Poilievre said the decision not to table a budget is a sign that Carney is failing to deliver on his election campaign promises to Canadians.
“Parliament has already been shut down for nearly half a year. Now, in the face of serious economic threats, the Liberals don’t intend to present a budget this year. There is no roadmap forward, no economic vision, and no willingness to lead,” said Poilievre, in a written statement. “This is not the leadership Mark Carney promised—it’s abandonment.”
apple.news
Asked by reporters about the date of the next budget, Champagne said his first three orders of business are tabling a motion to cut the bottom income tax bracket by one per cent, presenting a speech to the throne on May 27 and then publishing an economic update in the fall.
He made no mention of a budget, nor did he respond to repeated questions as to why the government would not be tabling a spring budget.
“The middle-class tax cut, that’s step one. Step two, you’re going to have a throne speech which will outline the Canadian government’s priorities, and there will be a fall economic statement to follow,” Champagne said after the first cabinet meeting since the shuffle Tuesday.
Conservative Leader Pierre Poilievre said the decision not to table a budget is a sign that Carney is failing to deliver on his election campaign promises to Canadians.
“Parliament has already been shut down for nearly half a year. Now, in the face of serious economic threats, the Liberals don’t intend to present a budget this year. There is no roadmap forward, no economic vision, and no willingness to lead,” said Poilievre, in a written statement. “This is not the leadership Mark Carney promised—it’s abandonment.”
Finance minister says no 2025 budget, while government focuses on fall update — National Post
In December, a House committee tabled a 330-page report on the fruit of its 2025 budget consultations
Nothing will change until after G7 and there is always War Measures Act potentially looming. A good hearty war always fires up industry in just months.Finance Minister François-Philippe Champagne signalled Wednesday there will be no spring budget and only a fall economic statement, despite his predecessor announcing pre-budget consultations earlier this year.
Asked by reporters about the date of the next budget, Champagne said his first three orders of business are tabling a motion to cut the bottom income tax bracket by one per cent, presenting a speech to the throne on May 27 and then publishing an economic update in the fall.
He made no mention of a budget, nor did he respond to repeated questions as to why the government would not be tabling a spring budget.
“The middle-class tax cut, that’s step one. Step two, you’re going to have a throne speech which will outline the Canadian government’s priorities, and there will be a fall economic statement to follow,” Champagne said after the first cabinet meeting since the shuffle Tuesday.
Conservative Leader Pierre Poilievre said the decision not to table a budget is a sign that Carney is failing to deliver on his election campaign promises to Canadians.
“Parliament has already been shut down for nearly half a year. Now, in the face of serious economic threats, the Liberals don’t intend to present a budget this year. There is no roadmap forward, no economic vision, and no willingness to lead,” said Poilievre, in a written statement. “This is not the leadership Mark Carney promised—it’s abandonment.”
Finance minister says no 2025 budget, while government focuses on fall update — National Post
In December, a House committee tabled a 330-page report on the fruit of its 2025 budget consultations
Or…we have the same Liberal government (for its consecutive fourth term) and they where able to play fast and loose for the last three terms without consequences, so why bother with a Spring budget?
Because it will just get voted down. We're broke. If you want know how much deeper in debt we go just use Security Exchange Commission search engine EDGAR. All of Canada's bond issues are posted thru SEC.
Like this recent bit of pocket change.
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Bloc has already said that they will support the liberals for the first year…so probably not voted down. Blanchet stressed it would not be a blind alliance, adding he expects Prime Minister Mark Carney’s party to make concessions on French-language protections, Quebec’s immigration capacity, the province’s secularism Bill 21 and “pipelines” ‘cuz Quebec, etc…
Blanchet said partisanship should be put aside for the time being, adding he cannot fathom another election for at least a year and some months as negotiations with Trump could intensify ahead of the U.S. midterm elections…so there’s that.
Bloc Québécois ready for ‘truce’ with Liberals
Bloc Québécois Leader Yves-François Blanchet said he is ready to work with the Liberal Party of Canada under a temporary truce as the government takes on U.S. President Donald Trump.
French language is fine by me but I'm not cool with immigration to Quebec being lowered for two reasons. Firstly French language. It keeps the Haitians in Quebec. Secondly high immigration to Quebec keeps the Haitians in Quebec. I like our Nigerians, I don't want Haitians coming here because the Feds take them in.Bloc has already said that they will support the liberals for the first year…so probably not voted down. Blanchet stressed it would not be a blind alliance, adding he expects Prime Minister Mark Carney’s party to make concessions on French-language protections, Quebec’s immigration capacity, the province’s secularism Bill 21 and “pipelines” ‘cuz Quebec, etc…
Blanchet said partisanship should be put aside for the time being, adding he cannot fathom another election for at least a year and some months as negotiations with Trump could intensify ahead of the U.S. midterm elections…so there’s that.
Bloc Québécois ready for ‘truce’ with Liberals
Bloc Québécois Leader Yves-François Blanchet said he is ready to work with the Liberal Party of Canada under a temporary truce as the government takes on U.S. President Donald Trump.www.ctvnews.ca
Not like there isn’t a template for this already established by recent Liberal governments that kept getting voted in by someone somewhere in Canada.
Translation: The block does not have enough money to fight another election.
How bad do federal finances have to be for Prime Minister Mark Carney and the Liberals to announce they won’t release a federal budget this year? Instead, Finance Minister Francois-Philippe Champagne said Wednesday that the Liberals will deliver a fall economic statement; ostensibly a mini-budget.
But that’s no comfort given that the last fall economic statement the Liberals delivered in December 2024 under former prime minister Justin Trudeau, overshot their own deficit target of $40.1 billion for the 2023-24 fiscal year by 54%, coming in at $61.9 billion.
According to parliamentary budget officer Yves Giroux, that document also lacked transparency, downplayed the economic risks facing taxpayers, including rapidly increasing contingent liabilities, and was evidence of the government’s deteriorating “ability (or willingness) to produce high-quality, timely financial statements.”
The Liberals’ failure to deliver a budget this year — the last time that happened was during the pandemic — is inexplicable given Carney’s release of what was supposed to be their “fully costed” campaign platform less than a month ago, on April 19.
It called for $130 billion in new spending over four years, with a deficit of $62.3 billion in this fiscal year, which started on April 1 and ends on March 31, 2026, compared to $42.2 billion predicted by the previous Trudeau government.
In 2026-27, Carney’s projected deficit is $59.9 billion compared to Trudeau’s $31 billion, in 2027-28 $54.8 billion compared to $30.4 billion, and in 2028-29, $47.8 billion compared to $27.8 billion.
apple.news
In total, Carney’s projected deficits of $224.8 billion over the next four years is an increase of 71% compared to $131.4 billion projected by the Trudeau government.
Carney’s platform also contained detailed information on the Liberals’ anticipated revenues and expenditures from 2025-26 to 2028-29, so any Liberal claim they don’t have the necessary information to deliver a budget when Parliament resumes on May 26 is absurd. Round four folks.
But that’s no comfort given that the last fall economic statement the Liberals delivered in December 2024 under former prime minister Justin Trudeau, overshot their own deficit target of $40.1 billion for the 2023-24 fiscal year by 54%, coming in at $61.9 billion.
According to parliamentary budget officer Yves Giroux, that document also lacked transparency, downplayed the economic risks facing taxpayers, including rapidly increasing contingent liabilities, and was evidence of the government’s deteriorating “ability (or willingness) to produce high-quality, timely financial statements.”
The Liberals’ failure to deliver a budget this year — the last time that happened was during the pandemic — is inexplicable given Carney’s release of what was supposed to be their “fully costed” campaign platform less than a month ago, on April 19.
It called for $130 billion in new spending over four years, with a deficit of $62.3 billion in this fiscal year, which started on April 1 and ends on March 31, 2026, compared to $42.2 billion predicted by the previous Trudeau government.
In 2026-27, Carney’s projected deficit is $59.9 billion compared to Trudeau’s $31 billion, in 2027-28 $54.8 billion compared to $30.4 billion, and in 2028-29, $47.8 billion compared to $27.8 billion.
EDITORIAL: Delayed budget bad omen for taxpayers — Toronto Sun
How bad do federal finances have to be for Prime Minister Mark Carney and the Liberals to announce they won’t release a federal budget this year? Instead, Finance Minister Francois-Philippe Champagne said Wednesday that the Liberals will deliver a fall economic statement; ostensibly a...
Carney’s platform also contained detailed information on the Liberals’ anticipated revenues and expenditures from 2025-26 to 2028-29, so any Liberal claim they don’t have the necessary information to deliver a budget when Parliament resumes on May 26 is absurd. Round four folks.