
Finance Minister François-Philippe Champagne speaks to the media at the Liberal cabinet retreat in Toronto on Sept. 4, 2025. The Canadian Press/Chris Young
The new Liberal government has been in place since March, but it is only later this fall that Canadians will get an updated picture of the country’s finances.
Anxiety is rising in some sectors of society due to proposed austerity cuts to various programs coupled with massive increased spending in areas like defence and infrastructure, as well as the continuation of recently introduced support initiatives like dental care.