Prepared by Zakus Financial, November 2025 On November 4, 2025, Finance Minister François-Philippe Champagne tabled the first federal budget entitled “Building Canada Strong” under Prime Minister Mark Carney’s leadership – a budget that arrives at a pivotal moment for Canada. Against a backdrop of global economic and trade uncertainty, rising geopolitical tensions, and domestic affordability challenges, Budget 2025 was expected to chart a course that balances fiscal prudence