Andrew Coyne Ottawa Published 5 minutes ago

Prime Minister Mark Carney delivered his government’s first federal budget Nov. 4, following promises of ‘generational investments’ to help Canada ‘meet the moment.’

In the words of the celebrated economist Peggy Lee: Is that all there is?

Has there been a budget that was preceded by more breathless hype than this one? It was to be a budget full of “generational investments” that would “swing for the fences” and “define our next century.” On the other hand, it would also be full of “difficult choices,” even “sacrifices,” which might or might not have added up to “austerity” depending on who was speaking.

It was going to restore order to public finances, jump-start productivity, diversify trade, and get this country building again. Above

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