Canadian Prime Minister Mark Carney promised his first budget would be a bold blueprint for “generational investments,” to bolster the economy and withstand a trade war with the United States. But to some analysts, it has been a missed opportunity.The budget, which Carney presented on Tuesday, ended up falling short on ambition, constrained in part by the reality of leading a minority government that relies on political rivals to survive, analysts said.Recommended Stories list of 4 itemsend of list“This isn’t a generational budget,” said Theo Argitis, senior vice president for policy at the Business Council of Canada. “It goes in the right direction on some fronts, but I think Carney was not as ambitious as he could have been.”Argitis said there was not enough that might speed private investment at the scale necessary for significant growth.“If you’re looking to transform the economy, this budget is not going to do it,” he said.Slow growth, US tariffsCanada is grappling with slow economic growth and the impact of tariffs imposed by US President Donald Trump.Carney, saying the tariffs and the uncertainty they had created would cost around 1.8 percent of gross domestic product (GDP), on Wednesday pushed back against the idea that he had been too cautious.“This budget is a sea change in the approach for the government,” he told reporters, noting a pledge to slash the pace of official spending and what he called unprecedented changes to the tax system to boost business investment.But while increasing numbers of Canadians struggle to put food on the table, Carne …
