Overly politicized budgets, particularly budgets seemingly assembled haphazardly, risk producing poor policies.
Between 2013 and 2017, foreign investment in Canada declined by 55.1 per cent.
Program spending is set to grow again by 1.8 per cent this year.
Tuesday’s budget calls for spending to reach $329.4 billion.
"Work and thrift are the only sure roads to success."
The federal deficit is now about $19 billion.
Federal program spending will reach a projected $321.5 billion next year—up 22.2 per cent since 2015.
Canada’s unemployment rate in August rose to six per cent with Ontario leading the way, losing about 80,000 jobs.
The PBO projects a cumulative federal deficit of $85.6 billion over the next five years.
Only 10.6 per cent of the nearly $100 billion in new infrastructure spending is for trade and transportation.