Winners and losers you might have missed in the federal budget

Prime Minister Mark Carney plans to run a deficit in the tens of billions of dollars for years to come, but despite his warning against coming sacrifices, they were few and far between in the Nov. 4 document.

Prime Minister Mark Carney, right, and Finance Minister François-Philippe Champagne presented their first federal budget on Nov. 4.The Hill Times photograph by Andrew Meade

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BY PETER MAZEREEUW, RIDDHI KACHHELA, MARLO GLASS, ELEANOR WAND, TESSIE SANCI

November 5, 2025

Prime Minister Mark Carney warned that his plan for the country would require some “sacrifices” during a speech he made last month to set the stage for his Nov. 4 budget. He was speaking at the University of Ottawa to an audience that included a group of students. That ...

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