🇨🇦 Carney claims credit for deficit he inherited improvements on

Mark Carney strutted into Monday's press conference calling his Liberals good fiscal managers after the deficit came in lower than projected. One problem: the improved numbers are driven by GDP revisions from StatsCan data released after last year's budget and a revenue windfall from the Iran oil shock, not competent governance. He didn't cut spending, he got lucky with a war and an accounting update.

Meanwhile his government is burning through fiscal room with a $12.4 billion grocery benefit, a $2.4 billion gas tax holiday, and ballooning defence commitments. Economists warn Ottawa should keep powder dry, but Carney's already lighting the fuse. The promise to balance the operating budget in three years is a fantasy built on imaginary cuts to a bloated public service that never seems to shrink. Good managers don't mistake windfall for wisdom.

🍁 Maple Chronicles