Bloomberg: Federal budget will 'crowd in' private investment, finance minister says
Finance Minister Francois-Philippe Champagne said his upcoming Nov. 4 budget will aim to “crowd in private investment” by emphasizing fiscal discipline, capital formation, and “long-term prosperity” as the federal government boosts spending on major projects and cuts red tape. Speaking from Washington, Champagne pledged that “we’ll balance our operating budget by 2028 or 2029” and maintain a “declining deficit-to-GDP ratio,” despite economists forecasting a deficit as high as $100 billion. He added that the government’s goal is “to make sure that Canada remains competitive,” even as critics warn that rising debt and trade pressures could test investor confidence.
