Part 9/13:
Perhaps most alarming is Canada’s fiscal mismanagement under successive governments. The Trudeau administration's repeated deficit budgets and escalating national debt have set the stage for long-term economic fragility. Now, incoming Prime Minister Mark Carney promises to tackle this through tax cuts aimed at stimulating growth—yet without addressing the relentless rise in public spending, such policies risk further deficit expansion. Estimates suggest that Carney's plans could lead to deficits of up to $90 billion, dwarfing the post-pandemic deficit and pushing public debt to unsustainable levels.