Jim Balsillie, chair of the Council of Canadian Innovators (CCI) and former co-CEO of Research in Motion, has called it “the most important budget” of his lifetime. 

Budget 2025 is a collection of firsts: Canada’s first fiscal update since a trade war broke out with the United States, and the first budget from a revamped Liberal party led by Prime Minister Mark Carney. As experts warn of faltering productivity, the stakes are high for this budget to protect Canada’s economic sovereignty while limiting its vulnerability to an unpredictable trade partner. 

The feds’ response? One trillion dollars in promised new investments over the next five years; a $78.3-billion deficit for 2025-26; and major commitments across AI and quantum, venture capital programs, financial services innovation, and—perhaps most importantly—defence.

Click here for the full betakit.com article.