Poll finds Canadians skeptical of Carney's claim to balance budget in three years
OTTAWA – Canadians aren't sold on the Liberal Leader's plan to balance Canada's books.
In a new Leger poll commissioned by the Canadian Taxpayers Federation, 58% responded with skepticism over Mark Carney's plan to balance Canada's operating budget within three years.
As stated in a financial backgrounder published on the Carney campaign website, the budget-balancing act will ensure 'responsible financial management while making wise, long-term investments to build for Canada's prosperity and future.'
'At the same time, we will run a small deficit on capital spending that aligns with our fiscal capacity, recognizing that current capital spending is estimated to be approximately one percent of GDP.'
Liberals, Tories in virtual dead-heat in GTA: Leger poll
Gap narrowing between Liberals, Conservatives: Poll
Carney Liberals would continue UNRWA funding
Conversely, only 32% of those polled said they were confident in Carney's plan.
Ten per cent said they didn't know.
Those in Manitoba and Saskatchewan reported feeling most skeptical of Carney's plan, while voters in B.C. (38%) were the most confident.
Carney's budget-balancing plan caught criticism from fellow Liberal leadership hopeful and Trudeau-era cabinet minister Karina Gould, who on an episode of TVO's The Agenda with Steve Paikin last month said the plan wasn't workable.
'I don't think it is something we should be telling Canadians that we are going to, unless there's a lot of cuts that are coming – that's the only way that you would be able to achieve that,' she said.
'Let's be clear and transparent with Canadians. I believe in fiscal responsibility, I believe in working towards balance, but I'm just not going to do that in a way that's going to hurt Canadians.'
bpassifiume@postmedia.com X: @bryanpassifiume
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Axios
29 minutes ago
- Axios
Exclusive: Zorro clinches $20M Series A for ICHRA health plans
Health benefits provider Zorro raised $20 million in Series A funding led by Entrée Capital, CEO Guy Ezekiel tells Axios exclusively. Why it matters: As employers wrestle with rising health plan costs, individual coverage health reimbursement arrangements (ICHRAs) are gaining steam. Driving the news: Launched in 2020, ICHRAs were enabled by a Trump-era rule letting employers reimburse employees tax-free for individual health insurance instead of offering group plans. After a slow start, rule clarifications and compliance tools made them more accessible to midsized employers. Follow the money: Existing backers Pitango and 10D joined the round, which will be used to scale operations and improve support for employers. The Series A brings Zorro to $31.5 million total raised. The company is not yet profitable. How it works: New York City-based Zorro replaces traditional group plans with defined-contribution models. Employers set a budget; employees use Zorro's AI engine to select personalized plans, and brokers get real-time tools to compare group plans versus ICHRA-based options. When it onboards an employer, Zorro asks them to send their benefits roster from the previous year, asks about quality and budget priorities for the upcoming year, and helps predict what benefits employees might want next. Zorro has "several thousand" lives on the platform, per Ezekiel. Between the lines: Zorro's pitch hinges not just on cost control but on its ability to shift complex decision-making from HR to software — claiming that 75% of users enroll without human help. What they're saying: "We're giving the employer a line of sight to how his upcoming year is going to look," says Ezekiel. Reality check: While ICHRAs are gaining traction, they remain a small fraction of the employer market. Zorro's long-term success depends on widespread broker adoption and employee trust in AI-led benefit decisions. State of play: A February Bailey's report predicted the debut of several new ICHRA startups in 2025. Several others have secured recent funding. In April, Thatch raised $40 million in Series B funding led by Index Ventures and Venteur Health Insurance raised a $20 million Series A led by Informed Ventures and American Family Ventures. Remodel Health last December collected more than $100 million in a round led by Oak HC/FT and Hercules Capital.
Yahoo
31 minutes ago
- Yahoo
Joint Statement by Prime Minister Carney and Prime Minister Starmer
OTTAWA, ON, June 15, 2025 /CNW/ - Today, Mark Carney, Prime Minister of Canada, and Sir Keir Starmer, Prime Minister of the United Kingdom (UK), met in Ottawa to reaffirm the profound friendship and shared values that unite both nations. The Canada-UK partnership, rooted in a common history and enduring people-to-people ties, continues to grow stronger, with a focus on delivering prosperity and security for the working people of Canada and the UK alike. The two leaders discussed the many geopolitical challenges currently facing the world, including in the Middle East and tensions in the Indo-Pacific region, and reaffirmed their steadfast support for Ukraine in the face of Russia's illegal and unjustifiable war of aggression. The two leaders underscored the importance of a fair, open and predictable global trading system; reiterated their commitment to a rules-based international order underpinned by respect for sovereignty and territorial integrity; and committed to advancing peace and trans-Atlantic security. They agreed the following joint initiatives aimed at strengthening economic growth and prosperity and enhancing collective security and defence: Growth and Innovation Partnership Canada and the UK are committed to delivering economic growth for their people. The two Prime Ministers today announced further collaboration on trade, science, technology and innovation. Through their Partnership, Canada and the UK will work together to: Trade: Strengthen trade ties as trusted, reliable partners. This will include expanding trade under the Canada-UK Trade Continuity Agreement. We will establish a new structured UK-Canada Economic and Trade Working Group to deepen our existing trading relationship further, including to address existing market access barriers, to expand existing arrangements into new areas, such as digital trade, and to explore cooperation in the development of critical minerals and sovereign artificial intelligence infrastructure. The working group will report back to both Prime Ministers within six months. Canada will seek to introduce legislation this autumn to ratify the UK's accession to the Comprehensive and Progressive Trans-Pacific Partnership. Semiconductors: Deliver industrial R&D projects to enhance both nations' complementary strengths in semiconductors, photonics, emerging materials and chip design. They will deepen connections between the innovation rich semiconductor ecosystems in Canada and the UK to help build resilient supply chains and accelerate breakthroughs in this key sector that is driving economic growth. Quantum: Announce a joint commitment to develop secure, transatlantic communications based on quantum technologies, allowing us to connect our national systems and lay the groundwork to create a truly global, next-generation network, with applications across our financial and telecoms sectors. Digital: Mutually reinforce nation-building digital public infrastructure by co-developing policy levers and standards, and common technology components. Artificial Intelligence: Deepen and explore new collaborations on frontier AI systems to support our national security. This will include a partnership agreement to strengthen existing collaboration on AI safety and security between the Canadian AI Safety Institute and UK AI Security Institute, and new Canadian and UK MOUs with leading Canadian AI firm Cohere. Under the Canadian MOU, Cohere will collaborate with the Canadian AI Safety Institute and develop their commitment to building cutting-edge data centres in Canada. Under the UK MOU, Cohere will expand their UK presence to support the delivery of the UK AI Opportunities Action Plan. Both MOUs reflect ongoing collaboration on the application of AI tools in security and intelligence and are rooted in Cohere's strong foundations in Canada and ongoing commitment to the UK. Biomanufacturing: Strengthen collaboration to deliver economic growth and be better prepared for future health emergencies, including a joint investment of $14.8 million to support joint biomanufacturing research and development that will grow the talent and skills pipeline in both countries, and to help businesses scale. Civil Nuclear: Develop a world-leading fusion energy collaboration and deepen cooperation on nuclear energy from fission to reduce the influence of Russia on our international fuel supply chains. Critical Minerals: Intensify bilateral cooperation by conducting a strategic mapping exercise to pinpoint key critical minerals, infrastructure, production and processing capacities. They will identify projects for joint investment to support secure and sustainable critical minerals supply chain development and leverage all available financial tools to mobilize funding and drive production to strengthen our manufacturing and mining sectors. Enhanced Defence and Security Partnership The two leaders agreed to strengthen cooperation – both bilaterally and through the NATO Alliance and Five Eyes partnership – to safeguard democratic values advance global stability and ensure the safety of our people in an increasingly complex world. To achieve this, they committed to: Ukraine: Further support Ukraine in its self-defence against Russia's war of aggression. This will include continued support for the Coalition of the Willing and respective efforts to support Ukraine's domestic defence industrial production. The UK and Canada will continue to work together to support the Air Force Capability Coalition and develop cutting edge aircraft weaponry technology in support of Ukraine. Military Cooperation: Position the Canada-UK defence relationship for further growth across military operations, industrial collaboration, and defence innovation, catalyzed by Canada's newly announced defence investment trajectory and the UK's Strategic Defence Review. Canada and the UK will work towards a new permanent arrangement for the long-term and sustainable use of British Army Training Unit Suffield (BATUS) through the "BATUS Future Project". The Project will deepen the Canada-UK relationship on defence and showcase CFB Suffield as a multi-purpose facility for the development and testing of new equipment and cutting-edge technology which are vital to maintaining our shared security and prosperity. Intelligence: Build on the long history of deep and productive collaboration between our security and intelligence organizations by launching coordinated operational campaigns to combat terrorism and violent extremism, and deepening collaboration on enhanced intelligence collection, including by expanding officer exchange programs. National Security: Tackle evolving state threats together, including sabotage, transnational repression, foreign interference, malicious cyber activity, information manipulation and economic coercion, all of which seeks to undermine our national security and that of our Allies and partners. This will include joint work to invest in civil society organizations actively working to counter digital transnational repression through the Joint Canada-UK Common Good Cyber Fund, a first-of-its-kind multilateral fund aimed at supporting civil society actors at high risk. To kickstart this fund, Canada and the UK are providing $5.7 million in seed funding to the Fund, which will be disbursed over 5 years. They also agreed to strengthen bilateral development and delivery of secure communications products and cutting-edge cryptography and explore new research partnerships to address gaps in AI security and evolve AI models to support national security. Border Security: Strengthen bilateral cooperation to tackle transnational organized criminal organizations engaged in the illicit movement of goods and narcotics, and bolster our response to combat irregular migration, migrant smuggling and human trafficking, including through deeper bilateral information and knowledge exchange. This document is also available at SOURCE Prime Minister's Office View original content:


Hamilton Spectator
an hour ago
- Hamilton Spectator
Canada and the United Kingdom think and work alike, Starmer says during Ottawa visit
OTTAWA - British Prime Minister Keir Starmer says the historic ties and long-standing working relationship between the United Kingdom and Canada are not just reflections of the past, but are very much needed 'in the here and now.' Starmer says the two Commonwealth members think and work alike, having collaborated for years on issues of security, defence, trade and the economy. Starmer met with Prime Minister Mark Carney in Ottawa today before the two leaders leave for the G7 leaders' summit in Alberta. Carney, a former Bank of England governor, said he was an admirer of Starmer and had learned a lot from him over the years. Starmer had dinner with Carney on Saturday at his official residence at Rideau Cottage, later taking in the hockey game between the Edmonton Oilers and the Florida Panthers. Starmer's visit comes as Canada seeks to reopen trade talks with the U.K. which were paused early in 2024, leaving in place a temporary deal signed after Brexit. — With files from Jim Bronskill This report by The Canadian Press was first published June 15, 2025. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .