In response to tariff pressures and economic weakness, Budget 2025 commits big new spending to spark private investment and reignite growth – with higher deficits and debt as a result. In this episode of the 10-Minute Take, RBC Economist Claire Fan is joined by RBC Assistant Chief Economist Cynthia Leach to discuss:

• Why fiscal policy is the right tool to address the weak growth outlook
• How the growth agenda is central to the government’s fiscal plan
• Whether the budget does enough to catalyze growth – and the execution risks that could derail it
• If Canada can afford to spend big right now