It’s hard to be ‘masters of our destiny’ when our destiny is shaped in the U.S.

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Champagne delivered this week’s budget in an environment that had suddenly become both more and less benign for Canada

John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires Fall and Twilight of the Money Gods.

Finance Minister François-Philippe Champagne delivered this week’s budget in an environment that had suddenly become both more and less benign for Canada.

The government is right to set a goal of making Canadians “masters of our destiny.” Ottawa had a revenue windfall and chose to spend it largely on stimulus instead of paying down debt. The budget introduced tax cuts and measures to boost major infrastructure projects and private-sector investment.

But it will always be the case that what happens south of the border will help shape our destiny. And Tuesday’s U.S. election result, which amounted to a decisive repudiation of Donald Trump’s economic management, changed most everything.

مطلع المقال، مقتطف من The Globe and Mail (Report on Business). لقراءة المقال كاملًا، افتحه على موقع الناشر.