Carney’s first budget ambitious but underwhelming, N.B. economist says | CBC News

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carney’s-first-budget-ambitious-but-underwhelming,-nb.-economist-says-|-cbc-newsCarney’s first budget ambitious but underwhelming, N.B. economist says | CBC News

New Brunswick·New

A New Brunswick urban economist says Mark Carney’s first federal budget is ambitious but underwhelming, as unions warn of job cuts and Conservatives criticize rising deficits and broken promises.

Some New Brunswickers react to different parts of the federal budget

Jennifer Sweet · CBC News

· Posted: Nov 05, 2025 11:53 AM EST | Last Updated: 32 minutes ago

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Bald man sitting at a desk, smiling at the camera. Yves Bourgeois, dean of social sciences at Mount Allison University, says the spending plan tabled Tuesday could be transformational, but this would depend on many variables. (Submitted by Mount Allison University)

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 Information Morning

“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 much in the budget about much-touted nation-building projects.

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