Skip to content

Canada's Business and Tech Newsroom

  • Professional Subscription
  • Partnerships & Advertising
  • Licensing & Syndication
Log In Subscribe
Welcome,
  • My Account
  • Log Out
  • Business
  • Tech
  • National
  • The Big Read
  • Briefings
  • Commentary
Search
Log In Subscribe
Welcome,
  • My Account
  • Log Out
News

Carney’s budget clears confidence vote. Now the real work begins

News

Carney’s budget clears confidence vote. Now the real work begins

Opposition parties still have power to shape and slow down budget that calls for major tax credits, billions for housing and infrastructure

By Laura Osman and David Reevely
Prime Minister Mark Carney brandishing the government’s 2025 budget on his way into the House of Commons the day it was tabled, followed by Finance Minister François-Philippe Champagne. Photo: The Canadian Press/Justin Tang
Nov 17, 2025
A A
A Small A Medium A Large
Share

Gift

Share

OTTAWA — Prime Minister Mark Carney’s first budget and plan to reorient Canada’s economy passed a key hurdle Monday as the government eked out a win in a nail-biting confidence vote.

The House of Commons approved the Liberals’ budget policy on a 170-168 vote, with the Liberals benefiting from four abstentions: two New Democrats (Nunavut’s Lori Idlout and B.C.’s Gord Johns) and two Conservatives (Alberta’s Matt Jeneroux and Shannon Stubbs) did not vote.

The NDP allowed the budget to pass because the uncertainty and delays caused by an election would have been worse, said interim NDP Leader Don Davies, who voted against it himself. He said his party opposes the Liberals’ planned cuts to the public service, their reversals on climate change and their health care plans.

Related Articles

Budget shows what Carney’s big promises will cost but few of the sacrifices he says Canada must make

By David Reevely
A shot taken in Rideau Hall in Ottawa of Mark Carney shaking hands with François-Philippe Champagne

Carmichael: Carney’s first budget fails to deliver a big bang despite all the big spending

By Kevin Carmichael

“The consequence of defeating this budget would not be to improve it or to help Canadians. It would be to plunge the country into an election only months after the last one, and while we still face an existential threat from the Trump administration,” he said.

The vote was in favour of the Nov. 4 budget in principle. Carney and his team must still shepherd its exact economic measures, including $141 billion in new spending, through a divided House of Commons and a contentious parliamentary process.

News that the government won’t be immediately plunged into another election, though, was met with relief from the business community, which has been calling for certainty and steadiness.

“Investors and businesses don’t make long-term plans around election cycles and can’t afford to reset so often,” said Canadian Chamber of Commerce president Candace Laing in a statement. 

Passing the budget shouldn’t be the hard part, Council of Canadian Innovators president Benjamin Bergen said in a statement. “The government now needs to buckle down and do the hard work of ensuring that federal government spending is being deployed for the benefit of the Canadian economy.”

That could indeed be a challenge, as parties still have the power to change the budget and slow down its implementation. Getting key measures in the budget over the finish line could require Carney to change his approach and find more willing partners among the opposition parties, said Tim Powers, chair of Summa Strategies and former advisor to several Conservative leaders. 

“There’s a difference between being a CEO when you can decree, and being a leader of a parliament in a minority,” he said. “He can’t always count on circumstances being on his side.”

Billions of dollars for infrastructure, including housing and major projects, hang in the balance, as well as tax changes to encourage capital and R&D investments, and plans to lure top-tier tech workers and researchers to Canada. 

Carney’s budget represents a big bet that immediate investments in Canadian industries, building and defence can make the country more self-sufficient and reliant on global economic shocks in the long term. It calls for a $78.3-billion deficit this year, even as the Liberals cut day-to-day spending and programs by $60 billion over five years.

Gift the full article

Green Party Leader Elizabeth May had initially said she would not support the budget either,  unless the government made stronger commitments to fighting climate change. Ahead of the vote, she called on the prime minister to declare those commitments in the House. His response, which included a reaffirmation of Canada’s commitment to the Paris Agreement to limit global warming, convinced her to change her mind, she said. 

“Without what I heard from the prime minister today, I would have voted no,” May said on Parliament Hill ahead of the vote on Monday.

Editor’s note: This story was updated to add comment from the NDP.

#economy #federal budget 2025 #Mark Carney #National

Sponsored Content

How to shift your workforce from AI experimentation to adoption

By Jessica Aftimus Rosa

The real-world economic offshoots of sovereign AI

By Deborah Aarts
Illustration of a plane flying above a mailbox

Increasing healthcare access across Canada

By Deborah Aarts
Paid promotional content

Loading...

Thanks for sharing!

You have shared 5 articles this month and reached the maximum amount of shares available.

Close
This account has reached its share limit.

If you would like to purchase a sharing license please contact The Logic support at [email protected].

Close
Want to share this article?

Upgrade to all-access now

Close
Gift the full article!

You have gifted 0 article(s) this month and have 5 remaining.

Copy link and gift
Copy Link
Email to a friend
Send Email
Gift on Social Media

Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.

Photo: The Canadian Press/Justin Tang

Most Popular This Week

News

What Canada will pitch to the world’s investors at next week’s high-stakes summit

By Anita Balakrishnan, Chaimae Chouiekh, Murad Hemmadi and David Reevely
A shot of Mark Carney and Ursula von der Leyen in front of an abstract painting with Canadian and EU flags on either side of it. Von der Leyen is speaking, and Carney appears to be shrugging at the camera with a sly smile on his face.
News

Major partnership between Canada and EU on track for October reveal, says envoy

By Joanna Smith
An image of Mark Carney against a light and dark background.
News

Foreign investment could give investors a say in Canada’s critical infrastructure—and its sovereignty

By Claire Brownell
News

Tangerine plans new products as it reinvents itself as a tech-powered challenger bank

By Claire Brownell

In-depth, agenda-setting reporting

Great journalism delivered straight to your inbox.

Special Report

Carney courts trillions in capital with airport privatization, tax breaks and faster approvals

By David Reevely, Anita Balakrishnan, Murad Hemmadi, Chaimae Chouiekh, Claire Brownell and Kevin Carmichael

Briefing

Coinbase lets Canadians lend stablecoins out through DeFi protocol

By Claire Brownell   |   Sep 15, 2026 | 2:18 PM ET

Cohere’s Gomez says Silicon Valley giants shouldn’t get to set the rules for AI

By Murad Hemmadi   |   Sep 14, 2026

TD pledges $150B in new financing and support in key Canadian sectors

By Claire Brownell   |   Sep 14, 2026

Best business newsletter in Canada

Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

Exclusive events

See the bigger picture with reporters and industry experts in subscriber-exclusive events.

Membership in The Logic Council

Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

Recent Popular Stories

News

Tangerine plans new products as it reinvents itself as a tech-powered challenger bank

By Claire Brownell   |   Sep 8, 2026
News

What Canada will pitch to the world’s investors at next week’s high-stakes summit

By Anita Balakrishnan, Chaimae Chouiekh, Murad Hemmadi and David Reevely   |   Sep 9, 2026
News

Major partnership between Canada and EU on track for October reveal, says envoy

By Joanna Smith   |   Sep 9, 2026
A shot of Mark Carney and Ursula von der Leyen in front of an abstract painting with Canadian and EU flags on either side of it. Von der Leyen is speaking, and Carney appears to be shrugging at the camera with a sly smile on his face.
News

Foreign investment could give investors a say in Canada’s critical infrastructure—and its sovereignty

By Claire Brownell   |   Sep 9, 2026
An image of Mark Carney against a light and dark background.
News

Trump ups trade war stakes with bans on Canadian booze and other imports

By Joanna Smith   |   Sep 8, 2026
Canadian and U.S. flags wave beside Gordie Howe International Bridge under a clear blue sky.
News

Economic damage from Trump’s latest trade salvo may not be as bad as feared

By Joanna Smith and David Reevely   |   Sep 10, 2026
Close-up of a red American roadside call box marked “Made in the U.S.A.,” with a blurred semi-truck approaching on Gordie Howe International Bridge.

Canada's most influential executives and policymakers are reading The Logic

  • CPP Investments
  • Sun Life Financial
  • C100
  • Amazon
  • Telus
  • Mastercard
  • bdc
  • Shopify
  • Rogers
  • RBC
  • General Motors
  • MaRS
  • Government of Canada
  • Uber
  • Loblaw Companies Limited
logic-logo

Canada's Business and Tech Newsroom

100% human-crafted journalism

Newsroom

  • News Tips
  • AI Policy
  • Editorial Disclosures
  • Story Pitches

Company

  • About Us
  • Terms of Service
  • Privacy Statement
  • Corporate Information

Contact

  • Contact Us
  • Advertise
  • FAQs
  • Work at The Logic

© 2026 The Logic Inc. All Rights Reserved.

Trusted by leaders

Error

Account creation failed.

Please email us at [email protected].

Create Account

[wppb-register form_name=”cozmo-registration-form-for-modal”]

I do have an account
Login
or

[wppb-login]

I don’t have an account