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Mark Carney is billing his first budget as an "investment budget," but with plans to eliminate 40,000 jobs in the federal public service and cut $60 billion in program spending, is this really an "investment budget" or is it an austerity budget?

The 2025 federal budget gives Canadians a first look at the details behind Carney's plans to have federal departments cut 15% in spending, reduce the federal workforce by 10% and spend tens of billions of dollars on so-called "nation-building projects."

On this episode of Sources, Canadian Labour Congress Senior Economist DT Cochrane joins PressProgress Editor Luke LeBrun live inside the federal budget media lock-up to share his first impressions on the Carney government's first budget.

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