On Wednesday, Prime Minister Carney delivered a lengthy speech spelling out his economic and fiscal strategy in advance of his government’s federal budget scheduled for Nov. 4. In front of an audience of university students, the prime minister made his pitch for “swinging for the fences” and “playing to win” through more government involvement in the economy and “generational investments” financed by large deficits.

Carney spoke about the importance of having the fastest economic growth in the G7, making difficult choices and sacrifices to transform the Canadian economy, and eliminating wasteful spending to achieve more efficiency in government. At first glance, the rhetoric behind the speech represents an improvement from that of his predecessor, but after digging deeper into the details

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