Canadian business executives divided on Budget 2025: Canada Strong

Canadian Business Executives Divided on Budget 2025: Canada Strong

The federal government’s proposed Budget 2025: Canada Strong, introduced by Finance Minister François-Philippe Champagne, has received mixed reactions from Canadian business leaders. Some view it as a missed opportunity, while others believe it could transform the economy.

Key Features of Budget 2025

Includes tax changes aimed at attracting investment for major infrastructure projects
Focuses on building trust with innovators through significant financial commitments
Aims to foster domestic economic growth and reduce reliance on the United States

Perspectives from Business Executives

“This budget is predominantly an inputs budget, where we’re seeing the government willing to commit billions of dollars for things like dual purpose defence technology; lots of what could potentially become investments.” – Benjamin Bergen, President of the Council of Canadian Investors, in a BNN Bloomberg interview.

“But ultimately, we’ve got to figure out what are the mechanisms we’re going to use to capture wealth.” – Benjamin Bergen.

Bergen emphasized the importance of transforming government spending into domestic prosperity and sovereignty by encouraging Canadian contractors to buy from each other. While Ottawa is exploring trade partnerships beyond the United States, Bergen advocates for a stronger focus on supporting internal Canadian business networks.

Summary

Budget 2025 presents significant financial commitments aimed at economic growth, but its success depends on effective mechanisms to translate inputs into domestic wealth.

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BNN Bloomberg — 2025-11-05