Budget 2025 moves in the right direction

The Business Council of Canada believes the 2025 Federal Budget includes some positive measures aimed at strengthening the Canadian economy, but more work is needed to be done. Goldy Hyder and Theo Argitis offered their thoughts on the 2025 Federal Budget.

“It’s much more focused on the economy and acknowledging the role that Canada should be playing…[but] I think it doesn’t meet the threshold of being aggressive and bold and acting with urgency because there is an investment crisis under way.”

Goldy Hyder, President and CEO, Business Council of Canada

“The issue for our members, and I survey them quite regularly, it’s never really been about taxes as much as it has been about regulations.”

Goldy Hyder, President and CEO, Business Council of Canada

“But look, that’s not transformational. If we had really gone big, gone bold, had the political courage to think differently about what it takes to attract capital, I think we would have done much more.” 

Goldy Hyder, President and CEO, Business Council of Canada

“This isn’t a generational budget. It goes in the right direction on some fronts, but I think Carney was not as ambitious as he could have been.”

Theo Argitis, Senior Vice-President, Business Council of Canada

“It moves the needle in the right direction. Will it have a major impact on private investment? I have my doubts.”

Theo Argitis, Senior Vice-President, Business Council of Canada

“We were looking for ambition. This budget moves in the right direction. … It does some good things, but if the plan was to produce a budget that transforms the Canadian economy, I think this is not that budget.”

Theo Argitis, Senior Vice-President, Business Council of Canada