Economy 53,360 Posted 7 hours ago Share Posted 7 hours ago https://www.bnnbloomberg.ca/business/politics/2026/11/05/carney-government-adds-142b-in-new-spending-to-spur-economic-growth-address-affordability/ Mark Carney has tabled a new budget with $142B in new spending over the next 5 years. Added spending includes a topped up grocery rebate for lower income Canadians due to high cost of groceries, continued investment in infrastructure and other innitiatives. It also includes some towards 1st Nations reconciliation efforts. However the most expensive new cost will be the "Mega Deduction". A tax write off for businesses to encourage more investment in equipment and growth as Canada faces a decade long slump in stagnant productivity Mark Carney is trying to end The budget deficit this year is expected to come slightly below original estimates despite higher spending due to windfall from high oil prices, however the pace of deficit decline going forward will slow due to the extra measures. However the deficit should remain below 2% of GDP making it one of the lowest deficits in the G7 2 Quote Link to post Share on other sites More sharing options...
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