Andrew Lawton: Carney’s budget makes Trudeau look responsible
$80-billion deficit, pipeline mockery, and Alberta’s Grey Cup deadline collide as Ottawa’s credibility crumbles.
Last week, the Carney government dropped a budget that erased any lingering hopes of fiscal restraint. Ottawa posted an $80-billion deficit, pushing Canada’s national debt toward $1.3 trillion and driving annual debt-interest costs above $55 billion — more than federal health transfers.
International credit agency Fitch is now warning Canada of a potential downgrade, citing runaway spending and structural weakness. If Canada is hit, borrowing costs will rise, mortgage rates will be pressured, and taxpayers will face further financial strain.
Instead of signalling urgency, Prime Minister Mark Carney publicly brushed off questions about pipeline approvals, calling them “boring.”
Joining the show today, Conservative MP Andrew Lawton says Carney’s plan “is making Justin Trudeau look fiscally responsible,” warning that the Liberal government is racking up nearly double the debt Trudeau was set to add
Also, Martin Belanger, better known online as MartyUpNorth, says private-sector capital has fled the country and won’t return until Ottawa restores regulatory certainty — a situation he says threatens everything from pipelines to major industrial investment.
More than enough evidence for Alberta to go their own way. God help the rest of the provinces.
We may rest assured that under Mr. Net Zero Carney, excuses will be found to ensure that absolutely NOTHING is allowed to happen related to hydrocarbons development in Canada. Reasons will always be found to justify nothing whatsoever being done. I am increasingly convinced that the real objective here remains to get as many as possible so poor and desperate that many will fall obediently in line, the minute UBIs are offered as welfare. This will of course require submission to digital IDs and programmable currency, imposing a Chinese style social credit system as lauded by his UN/WEF cronies.