OTTAWA — The federal budget is a "bold response" to a global moment of economic disruption, Prime Minister Mark Carney argued Wednesday, replying to critics who question the ambition of Ottawa's plans.

"These profound changes require a bold response, and that's what we got yesterday," Carney told a news conference in a public transit yard in Ottawa.

The budget predicts that, in terms of real GDP, Canada's economy will be 1.8 per cent smaller by the end of 2027 than forecasts suggested late last year — before U.S. President Donald Trump launched his global tariff campaign.

Carney claimed measures in the budget will help Canada meet a lofty goal of attracting $1 trillion in investment over the next five years. That level of investment, if it comes to pass, would more than offset the disru

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