Canadians Demand Cost of Living Relief Ahead of Budget Release

UPDATE: As the federal government prepares to unveil its budget on October 31, 2025, a new Ipsos poll reveals that a staggering 42 percent of Canadians prioritize immediate relief from the soaring cost of living over plans to increase the national deficit. The budget, expected to include significant new investments, has sparked urgent concerns about daily expenses among the populace.

With the budget set to be tabled in Parliament on Tuesday, Canadians are turning their attention to the pressing issue of affordability. The survey indicates that more than three in five respondents believe government spending is exacerbating their financial struggles. As Prime Minister Mark Carney advocates for increased spending to bolster the economy, many Canadians remain skeptical about the benefits of such measures.

The Ipsos poll, conducted between October 25 and 27, shows a clear disconnect between government priorities and public sentiment. While Carney emphasizes investments in national defense and infrastructure—each supported by only 15 percent of those surveyed—69 percent express concern that the government will not do enough to alleviate their financial burdens in the near future. This worry is particularly pronounced among younger Canadians, with over 70 percent feeling anxious about future support.

In a recent address at the University of Ottawa, Carney outlined several affordability measures, including boosting housing development and trade apprenticeships. However, his focus on long-term infrastructure projects and international trade seemed to overshadow immediate needs. “We won’t transform our economy easily or in a few months,” Carney stated, emphasizing the necessity of sacrifices. Yet, Ipsos CEO Darrell Bricker noted that many Canadians are not convinced by this narrative, highlighting the prevalent view that inflation remains a critical issue.

Canadians are still reeling from the effects of high inflation, despite recent reports suggesting it has stabilized. When asked about the root causes of rising living costs, 62 percent pointed to inflation, while 52 percent blamed tariffs imposed by the U.S. Additionally, 36 percent identified excessive government spending as a contributing factor. Bricker remarked, “You can’t tell Canadians for the period of two years that inflation is the biggest economic problem and then expect them to suddenly dismiss it.”

Further complicating the government’s position, the survey found that 69 percent of Canadians believe it is crucial to balance the budget, with only 27 percent supporting ongoing deficit spending. While over half of respondents would endorse short-term deficit spending for healthcare and housing, support dwindles for broader infrastructure initiatives.

The poll’s findings echo sentiments expressed by opposition parties, which may pose challenges for Carney’s Liberals as they approach the budget vote. A rejection could trigger an election just months after the last one. Nevertheless, Bricker speculates that an election is unlikely this year, as it does not benefit any party.

As Canada navigates its economic challenges, Ipsos’ poll results signal a growing demand for immediate action on cost of living issues. With the budget just days away, all eyes will be on how the government responds to the pressing needs of its citizens and whether it can bridge the gap between its economic agenda and public expectations.

For more detailed insights, stay tuned as this story develops.