The Globe and Mail reports in its Wednesday edition that Prime Minister Mark Carney used his first budget to make a pitch for more private investment in the country, but stopped short of the kind of game-changing tax and regulatory changes many businesses and investors had been hoping to see as the Canadian economy reels from U.S. protectionism. The Globe's Mark Rendell writes that the budget followed through on Mr. Carney's pledge to trim government operational spending so it could put more money toward capital projects. And it hinted at possible regulatory changes that would be well received on Bay Street, but the moves designed to boost business investment and improve the country's long-standing productivity problems were more incremental than transformational. The budget announced $32.5-billion in new capital investments -- including infrastructure and tax incentives -- over the next five years. That is "definitely not chump change," said Bank of Nova Scotia economist Rebekah Young. But this was mostly in line with Bay Street expectations and probably will not move the dial much on the country's near-term economic outlook, she said, adding that infrastructure projects will probably make the most impact.