Conversely, the Bloc wants more government largesse with higher pension payouts for seniors and more health-care spending, which is equally unlikely given this government\u2019s commitment to tighten its belt and make what Carney has called \u201ctough choices\u201d and \u201csacrifices.\u201d <\/p>\n
NDP interim Leader Don Davies has said his caucus can\u2019t support an \u201causterity\u201d budget and party MPs will decide how to proceed after seeing what Champagne actually includes. As CBC News has previously reported, Davies has also said abstaining on the vote is an option<\/a>.<\/p>\n If the government loses a budget vote, Canadians could be headed for an election before Christmas \u2014 something Carney said he is willing to do if the Opposition demands it.<\/p>\n \u201cI am 100 per cent confident that this budget is the right budget for this country at this moment,\u201d he said.<\/p>\n More money for housing, military<\/p>\n Tuesday’s budget is expected to include a $50-billion local infrastructure fund for items such as housing and transportation, a senior government official confirmed to CBC News. It will also earmark up to $1 billion to bring in skilled talent from abroad, including the U.S. The Globe and Mail first reported those details.<\/p>\n This budget is also expected to include more money for the military, as Canada catches up after years of underinvestment in the housing stock and the Armed Forces.<\/p>\n U.S. President Donald Trump\u2019s protectionism has hurt some Canadian sectors more than others \u2014 steel, aluminum, autos and lumber have been hard hit by his Section 232 tariffs \u2014 and this budget will likely include some form of relief to help prop them up now that bilateral talks on tariff relief have stalled out.<\/p>\n There will also be some changes to the tax structure\u00a0so it’s more “pro-competition, pro-growth and creates the conditions for de-risking investment in Canada,” according to a senior government official who spoke to CBC News.<\/p>\n WATCH | Carney pledges to ‘Buy Canadian’:<\/strong> Carney pledges \u2018Buy Canadian\u2019 policy in budget<\/p>\n Prime Minister Mark Carney said the upcoming budget will prioritize a \u2018Buy Canadian policy\u2019 in key sectors like housing, infrastructure and defence equipment. In his speech Wednesday, Carney said Canadians can expect local steel, aluminum, lumber, manufactured goods, and technology to be used in future projects.<\/p>\n Carney has also said the budget will be divided differently than past years with capital and operational spending reported separately.<\/p>\n Capital spending is what the government spends on infrastructure and other fixed assets \u2014 Ottawa says it\u2019s anything that \u201ccontributes to public or private sectoral capital formation\u201d \u2014 whereas operational spending is costs like public servant salaries and benefits and money for transfers to people and provinces.<\/p>\n While promising to spend more on capital \u2014 Carney has said he wants to \u201cspend less and invest more\u201d \u2014 both Champagne and Carney have signalled there are cuts coming to the bureaucracy as the Liberal government looks to find 15 per cent in savings over the next three years to rein in spending after it ballooned under the Trudeau government.<\/p>\n The public service has grown many times faster than the overall population<\/a> \u2014 which itself has been historically high \u2014 and Carney has said those days are over, promising the operational budget will be balanced in three years\u2019 time.<\/p>\n Beyond expected cuts to the size of the bureaucracy, the budget is expected to provide some details on the savings found as part of the comprehensive expenditure review <\/a>that Ottawa launched over the summer months. One program that is being scaled back to cut costs is the last Liberal government’s promise to plant two billion trees.<\/p>\n Economists split on Canada’s finances<\/p>\n Economists are split on the state of the country\u2019s finances.<\/p>\n![\"\"](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/11\/1762266253_204_default.jpg\")
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