opinion

Prime Minister Mark Carney's whirlwind arrival in politics was built on raising expectations.

Everything is supposed to be in there. An economic transformation plan. Industrial retooling. Cuts to a bloated civil service. A rebuilding of the military. Recalibrated immigration targets. A climate competitiveness strategy.

Few prime ministers have put so much of their politics into one budget.

That has been the Mark Carney way. His whirlwind arrival in politics was built on raising expectations, on building up an ever-more-tense “hinge moment” and promising to meet it.

In April, at an election-campaign stop at a Nova Bus factory in Saint-Eustache, Que., Mr. Carney promised “an entirely new fiscal approach” that would build “a new, resilient economy.” Two weeks ago, he gave a spe

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