The budget, which Carney presented on Tuesday, ended up falling short on ambition, experts said.

Canadian Prime Minister Mark Carney promised his first budget would be a bold blueprint for “generational investments,” to bolster the economy and withstand a trade war with the United States. But to some analysts, it has been a missed opportunity.

The budget, which Carney presented on Tuesday, ended up falling short on ambition, constrained in part by the reality of leading a minority government that relies on political rivals to survive, analysts said.

“This isn’t a generational budget,” said Theo Argitis, senior vice president for policy at th

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