A New Brunswick economist says the first federal budget from the government of Mark Carney is ambitious but also underwhelming.

Carney had promised to present a pro-growth budget that would usher Canadians into a "new era" and define the next century.

Yves Bourgeois, an urban economist and dean of social sciences at Mount Allison University, says the spending plan tabled Tuesday could be transformational, but this would depend on many variables.

“I think it's trying to lay out groundwork for us to change course away from … dependence on trade to the U.S. and start rebuilding our capacity to innovate and seize these opportunities,” Bourgeois said on .

“But there's a lot that needs to play out in between what's in the budget and this new course of action.”

Bourgeois said he didn’t see m

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