No majority ambition in an update that stands pat on Liberal politics
Prime Minister Mark Carney's government released a modest spring economic update that avoided major reforms or ambitious initiatives despite holding a new majority. The plan includes a $6-billion program to support skilled trades apprenticeships and a small deficit reduction, but largely maintains existing fiscal policies. Finance Minister François-Philippe Champagne emphasized discipline, though most new revenues were allocated to spending, leaving future deficits unchanged. The update reflects continuity rather than transformation, with limited political risk-taking in the early months of a majority mandate.
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Open this photo in gallery:Prime Minister Mark Carney, right, and Minister of Finance and National Revenue Francois-Philippe Champagne ahead of the tabling of the spring economic update on Parliament Hill in Ottawa on Tuesday.Justin Tang/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountWith a majority government now in hand, Mark Carney might have used the spring economic update to signal a new level of ambition.His Liberals could have opened a new round of reviews to trim federal programs to really make good on Mr. Carney’s promise to spend less to invest more. With 2½ years till they are forced to face an election, they might have taken on the thorny task of tax reform that scares off electorally minded politicians.But no.
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