Carney’s budget challenge: govern for the many, or manage for the few?

The prime minister's first budget won’t be judged by the numbers, but by whom they lift up, and whom they leave behind.

So far, Prime Minister Mark Carney has fixated on investor sentiment: walking back the capital gains tax hike, hinting at 'builder-friendly' tax cuts and capital access tools.

Opinion

BY BHAGWANT SANDHU

October 30, 2025

OTTAWA—When Prime Minister Mark Carney tables his first federal budget on Nov. 4, the numbers will matter less than the story they tell. Canadians aren’t just scanning line items; they’re waiting for a vision: whether the fiscal plan balances the books or rebalances th...

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