Canadian Budget 2025: How should we be thinking about bigger deficits? Titelbild

Canadian Budget 2025: How should we be thinking about bigger deficits?

Canadian Budget 2025: How should we be thinking about bigger deficits?

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In response to tariff pressures and economic weakness, Budget 2025 commits big new spending to spark private investment and reignite growth – with higher deficits and debt as a result. In this episode of the 10-Minute Take, RBC Economist Claire Fan is joined by RBC Assistant Chief Economist Cynthia Leach to discuss:

  • Why fiscal policy is the right tool to address the weak growth outlook
  • How the growth agenda is central to the government’s fiscal plan
  • Whether the budget does enough to catalyze growth – and the execution risks that could derail it
  • If Canada can afford to spend big right now

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