October 20, 2025
RED FM News Desk
Conservative Leader Pierre Poilievre is demanding that Prime Minister Mark Carney cut taxes and keep the federal deficit under $42 billion in the upcoming budget. However, it appears clear that the demand for a low deficit will not be met. Prime Minister Carney has already signaled that the deficit will be higher than the final estimates unveiled by the Trudeau government almost a year ago. Interim parliamentary budget officer Jason Jacques predicted last month that the deficit will rise to nearly $70 billion for this fiscal year.
In a letter to the Prime Minister, Poilievre stated that Canada has become “a country of empty bank accounts, empty fridges and empty stomachs.” He once again encouraged the Liberals to adopt his party’s economic ideas, saying they should “feel free to steal our ideas — in action, not just talk.” The Conservatives have demanded cuts to income taxes, capital gains taxes, the industrial carbon tax, and homebuilding taxes.
Furthermore, Poilievre called for an end to what he calls the “inflation tax” and the federal fuel standard, which the government promotes as one of Canada’s most important emission-reduction policies. In the letter, Poilievre accused Carney of having kept almost all of Justin Trudeau’s economic policies, writing: “You have kept almost all of Justin Trudeau’s economic policies. Now you are repeating his promises.”
Finance Minister François-Philippe Champagne is scheduled to table the federal budget on November 4.
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