"My first take is that it's less transformational, it's more tinkering, he said. The federal budget, tabled Tuesday, details billions in proposed cuts and investments meant to spur growth and productivity amidst trade uncertainty and a slowing economy. It calls for about $141 billion in new spending offset by $51.2 billion in cuts, mostly to the public service and shows a deficit of roughly $78 billion for the 2025-26 fiscal year."
"The budget includes $51 billion in infrastructure spending over the next decade, which Bethlenfalvy called disappointing. Ontario is planning to spend about $200 billion on infrastructure over the next 10 years, he said, and the province was hoping for $100 billion in federal infrastructure funding. It falls really short there, he said."
The federal budget proposes about $141 billion in new spending, offset by $51.2 billion in cuts and an estimated deficit near $78 billion for 2025–26. The budget allocates $51 billion to infrastructure over the next decade, which is smaller than Ontario’s planned $200 billion provincial investment and the roughly $100 billion in federal infrastructure funding the province sought. The federal plan omits firm commitments to large-scale nuclear energy, mining the Ring of Fire, and the Highway 401 tunnel. Major projects such as high-speed rail, new ports, and carbon capture may see approvals in coming months, while support for workers and businesses is considered inadequate.
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