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William Watson: Trudeau or Carney — Ottawa still thinks it knows best

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wednesday

The budget says some good things about productivity and growth but in the end Ottawa continues to decide what's favoured and what's not

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Only three hours into Ottawa’s budget lock-up and I’d already read so much about catalyzing, super-charging, launching, leveraging and empowering that I felt the need of a nap. And I was only 150 pages into the 406-page document. Maybe we should have a rule that the minister of finance has to read the entire budget into the parliamentary record. That would “incentivize” him or her, as they say in Ottawa, to keep it short.

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Speaking of incentives, at one stage the budget seems to claim that cutting bridge and ferry tolls in P.E.I. led to a 25 per cent increase in traffic. Yes, minister, people do respond to prices. Imagine what serious tax cuts could do for economic growth.

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Only by driving across Canada do you get a sense of how big this country really is. By day three, you feel it in your backside. In the same way, only by ploughing your way through a federal budget do you get a sense of how big and sprawling, not to mention vacuous and unfocused, this country’s federal government is.

Canada Strong is the budget’s title and theme. No surprise there. It was also the Liberal campaign theme. And it’s better than Canada Broke, though that might be truer. Debt doesn’t fall as a percentage of GDP until five years from now, and under some economic scenarios it doesn’t fall at all.

The cover photo is of a red-and-white Canadian icebreaker — FedNav’s