Liberal leadership hopeful Mark Carney says he’d run a deficit to ‘invest and grow’ Canada’s economy [Video]

Liberal leadership hopeful Mark Carney confirmed Sunday that a federal government led by him would run a deficit “to invest and grow” Canada’s economy, but it would also balance its operational spending over the next three years.

Carney, a former governor of the Bank of Canada, invoked U.S. President Donald Trump’s ongoing threat of sweeping tariffs on Canadian goods to justify his proposed deficit.

The intent, Carney said during an interview on Rosemary Barton Live, is to invest in Canada’s economy “at a time when we absolutely have to build as a country.”

The taxpayer dollars would “catalyze many multiples of private dollars” to build homes, energy infrastructure, AI systems and trade corridors — “all of which are fundamentally necessary if we are going to grow this economy, irrespective of how President Trump is feeling on one day or another,” Carney said.

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