‘We’re going to see more spending’: Carney’s use of the ‘A-word’ is not what you think

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.

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