Reflections on Budget 2025: Economic growth alone won’t save us
Budget 2025 includes hopeful initiatives that will deliver real benefits to working Canadians at this time. In this reflection, SCP CEO Matthew Mendelsohn explains that, strategically, we really like the Budget’s focus on industrial strategy, some tentative steps on making more capital available to a wider diversity of Canadians and commitments to loosen the grip that our oligopolistic sectors have over our economy. However, we are concerned by the lack of a strategic approach to providing more working people and young people a path to wealth, ownership and economic security. While the Budget responds to the wish list that corporate Canada has articulated for several years, there are no guarantees that they will indeed step up to invest—or that those investments will produce growth that benefits working people and communities.