Prime Minister Mark Carney ’s first budget is being billed by the government as a “generational” investment in Canadian infrastructure and productivity in a time of “rupture” in global trade and the international order.
The question now is whether Carney’s decision to simultaneously run a sizeable deficit while slashing public service jobs will find support among opposition parties, or send Canadians to a second general election this year.
“The speed, scope and scale of change that we’re seeing in Canada and around the world is quite unprecedented,” said Finance Minister François-Philippe Champagne in an Ottawa news conference Tuesday.
“This is not a transformation. This is a generational shift, and we need to meet this moment with generational investment. To weather the storm of

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