Canada budget 2025 leaves Canada with a $79 billion deficit, added to Canada's $1.4 trillion debt. 
Affordability in Canada is under waters as the federal budget passes in Parliament and the House of Commons. The Canadian economy worsens as the cost of living crisis deepens. Mark Carney and the Carney budget proposal have sparked fierce debate in Canadian politics between Liberals and Conservatives over the Canada budget direction. 
This analysis examines how budget decisions in Parliament impact affordability, what the Carney budget means for the economy, and why the federal budget has become the defining battle in politics between Liberals and Conservatives as Canadians struggle with the cost of living under current economic policies.
This is not a political rant of Mark Carney vs. Pierre Poilievre, or Liberal vs. Conservatives. It's a systemic evaluation of Canada's debt crisis, affordability collapse, and 50 years of federal budgets — from Pierre Trudeau to Justin Trudeau, this research breaks down the economic decisions that destroyed the Canadian Dream.
For decades, every Prime Minister promised prosperity, fiscal responsibility, and a brighter future. But behind the speeches and slogans lies a 50-year pattern of rising deficits, exploding debt, stagnant wages, and declining affordability.
In this podcast episode, we walk through each era — Pierre Trudeau, Brian Mulroney, Jean Chrétien, Paul Martin, Stephen Harper, and Justin Trudeau — to understand how Canada went from stability to trillion-dollar debt and a full-blown affordability crisis.
If you’ve ever wondered why groceries cost more, why home ownership feels impossible, and why wages haven’t kept up, this episode lays out the data point by point.
#canadianhistory #canadianpodcast #canadianpolitics #canadianbudget #canadianeconomy  #budget2025 #revaluatepodcast 
Summary:
Canada's budget watchdog reports a significant increase in the annual deficit, now projected at $78.3 billion, highlighting concerns for the nation's financial health. This surge in public debt necessitates careful financial management and a strategic fiscal policy to ensure long-term economic stability. We examine the implications of this report and the critical need for responsible spending to support vulnerable populations and secure the Canadian economy.
Chapters:
00:00 Intro
00:32 From Trudeau to Trudeau: A Canadian Economic History
02:05 Pierre Trudeau – The Social Expansion Era
(04:17) Brian Mulroney – Free Trade & Fiscal Shock
(06:35) Jean Chrétien & Paul Martin – The War on the Deficit
(08:57) Stephen Harper – Stability & the 2008 Crisis in Canada
(11:51) Justin Trudeau – The New Era of Historic Spending
(14:36) Canada's Economic Reckoning – What It Means for Canadians Today
(15:06) Mark Carney's Budget 2025 – Spend Now, Balance Later
(16:09) Conclusion: Canada Affordability Crisis
If you find value in this work, consider subscribing — it helps us reach more Canadians who want clear, honest analysis about the country’s future.

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