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flag Canada's 2025 budget projects a $70 billion deficit to fund housing, clean energy, and worker training.

flag Canada's 2025 federal budget, presented by Finance Minister François-Philippe Champagne, projects a $70 billion deficit but frames it as a "generational investment" in housing, workers, and clean energy. flag Key measures include a Future Skills Fund to expand training in high-demand fields, a national Homes for Every Generation strategy with a new federal housing agency and office-to-rental incentives, and enhanced support for first-time homebuyers. flag Over ten years, tens of billions will fund public transit, rural broadband, climate-resilient infrastructure, and clean-energy projects like wind, hydrogen, and grid modernization. flag The budget also introduces targeted tax credits and research partnerships to boost innovation in AI, biotechnology, and advanced manufacturing. flag Despite a debt-to-GDP ratio near 44%, the government says the plan is sustainable through growth and productivity, with income-tax brackets indexed to inflation and no broad tax increases.

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