Carney talks austerity. What does this mean for the upcoming federal budget?

Rudyard Griffiths and Sean Speer examine Prime Minister Mark Carney's recent use of the term "austerity" ahead of the fall budget, examining what this signals for Canada's fiscal direction. They explore the political and practical challenges of implementing spending cuts when two-thirds of the federal budget remains off-limits, and the apparent contradiction between Carney's austerity messaging and expectations of a $92 billion deficit, larger than any deficit under the former Trudeau government. The two consider whether Carney's austerity language is actually targeted at international bond markets rather than domestic audiences. The Hub is Canada's fastest growing independent digital news outlet. Subscribe to The Hub's podcast feed to get our best content when you are on the go: https://tinyurl.com/3a7zpd7e (Apple) https://tinyurl.com/y8akmfn7 (Spotify) Want more Hub? Get a FREE 3-month trial membership on us: https://thehub.ca/free-trial/ Follow The Hub on X: https://x.com/thehubcanada?lang=en CREDITS: Amal Attar-Guzman - Producer and Video Editor Elia Gross - Sound Editor Rudyard Griffiths - Host To contact us, sign up for updates, and access transcripts email [email protected] Hosted on Acast. See acast.com/privacy for more information.