Tuesday, February 3, 2026
ADVT 
National

Finance minister says budget will have no surprises, make 'generational investments'

Darpan News Desk The Canadian Press, 03 Nov, 2025 09:47 AM
  • Finance minister says budget will have no surprises, make 'generational investments'

Finance Minister Francois-Philippe Champagne says there will be "no surprises" when he tables a federal budget Tuesday that he promises will offer "generational investments."

Champagne told a press conference in Saint-Tite, Que., Monday morning the budget bill will have "something for every Canadian."

"We're moving from reliance to resilience, from uncertainty to prosperity. We're going to do the kind of things that will make this country stronger, and everyone will see themselves in that budget," Champagne said.

"So that's why I would expect the opposition parties to be supportive."

The government has said this budget — Prime Minister Mark Carney's first — is built around boosting investment in Canada and shifting trade away from an increasingly protectionist U.S. under President Donald Trump.

Carney's minority government will need the support or abstention of some opposition MPs to pass the budget bill and avoid an early election. The government is three votes shy of being able to pass the budget on its own.

The Conservatives, Bloc Québécois and NDP have stated publicly what they want to see in the budget in exchange for their support.

On Sunday, Conservative Leader Pierre Poilievre told a press conference in an Ottawa suburb his party would be willing to support an "affordable" budget.

He said the budget should eliminate the industrial carbon tax and the capital gains tax, and lower taxes on energy and homebuilding.

While interim NDP leader Don Davies told CBC News his caucus will wait to see what the budget holds, he has not ruled out NDP MPs abstaining from the budget vote.

Davies has said his party is "deeply concerned" about the prospects for an austerity budget.

Bloc Leader Yves-François Blanchet has said his party is unlikely to support the budget unless its demands are met. They include increasing old-age security payments and boosting health transfers to the provinces.

Champagne purchased a traditional pre-budget pair of dress shoes from Quebec manufacturer Boulet Boots on Monday. Champagne said that he chose the shoes as a way to symbolize the importance of investing in Canadian businesses.

Picture Courtesy: THE CANADIAN PRESS/Jacques Boissinot

MORE National ARTICLES

B.C. set to open Western Canada's first new medical school in decades

B.C. set to open Western Canada's first new medical school in decades
Applications are being accepted for those wanting to become doctors through Simon Fraser University, in what the British Columbia government says is the first new medical school in Western Canada in decades.

B.C. set to open Western Canada's first new medical school in decades

Early snow in Manitoba makes for messy roads, power outages

Early snow in Manitoba makes for messy roads, power outages
A few thousand Manitoba homes and businesses remained without power Tuesday after a blustery storm on the long weekend.

Early snow in Manitoba makes for messy roads, power outages

Housing minister won't commit to Liberal election promise to cut development fees

Housing minister won't commit to Liberal election promise to cut development fees
The federal housing minister wouldn't commit today to a Liberal election campaign promise to push cities to cut the fees that help fund local infrastructure.

Housing minister won't commit to Liberal election promise to cut development fees

Grizzly bear attacks pair of hikers near Prince George, B.C.

Grizzly bear attacks pair of hikers near Prince George, B.C.
British Columbia's Conservation Officer Service says trails in the McGregor Mountain area, northeast of Prince George, will be closing after two hikers were attacked by a grizzly bear.

Grizzly bear attacks pair of hikers near Prince George, B.C.

Evacuation alert due to man-made dam near Kamloops, B.C., rescinded

Evacuation alert due to man-made dam near Kamloops, B.C., rescinded
An evacuation alert issued for several properties in British Columbia's Interior last week over concerns of a potential failure of a man-made dam has been rescinded.

Evacuation alert due to man-made dam near Kamloops, B.C., rescinded

Vancouver police arrest suspect in Yaletown stranger attacks

Vancouver police arrest suspect in Yaletown stranger attacks
Vancouver police say they have arrested a suspect in a series of stranger attacks in Yaletown last week, where at least four people were stabbed.

Vancouver police arrest suspect in Yaletown stranger attacks