The takeaway from the spring fiscal update? Your answer will have to wait until the fall budget
The spring fiscal update offered little concrete direction, emphasizing short-term spending over long-term investment, while Prime Minister Mark Carney faces growing skepticism despite high approval ratings. The government's deficit has improved slightly due to stronger-than-expected revenues, not spending restraint, and questions remain about how to revive business investment and manage future fiscal pressures. With major challenges including defense spending and economic productivity, the real test will come in the fall budget. For now, promises outweigh policy.
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Open this photo in gallery:Prime Minister Mark Carney and Minister of Finance Francois-Philippe Champagne make their way to the House of Commons before the tabling of the spring economic update on Tuesday.Justin Tang/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountDonald Trump depicted himself as Jesus healing the sick in an AI-generated image the U.S. President posted earlier this month. But with his approval rating underwater, and unpopularity almost certain to cost him control of Congress this fall, not many Americans are imagining Mr. Trump as their messiah.
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