The federal government’s 2025 budget outlines $141.4 billion in new spending and $51.7 billion in savings over five years, with this year’s deficit projected at $78.3 billion. In an interview with Global News’ Dawna Friesen, economist Kevin Page called it a bold shift toward investment-led growth but warned implementation will be the biggest challenge. He said the plan aims to spur private-sector investment amid weak growth, though cuts to immigration could slow labour force expansion and recovery.