Budget delivers measures to grow the economy, but fails to deliver urgently needed transformation and generational change

A new Council of Canadian Academies report underlines that bolder and more ambitious policies for innovation and productivity are needed now, more than ever.

Finance Minister François-Philippe Champagne speaks to reporters in the House of Commons foyer after the vote on the 2025 federal budget passes on Nov. 17. The Hill Times photograph by Andrew Meade

Opinion

BY DAVID CRANE

November 24, 2025

TORONTO—With the 2025 federal budget, Finance Minister François-Philippe Champagne had the chance to do something big. The Carney government had been elected with a mandate to be bold and ambitious, and had promised to deliver economic transformation and generational chan...

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