Canada's Budget Surge: Fighting Tariffs, Boosting Defense
Update: 2025-11-04
Description
Canada's budget shortfall is set to double this year, as Prime Minister Mark Carney's first budget proposal includes billions in spending to combat US tariffs, bolster defense, and diversify trade. The budget is a critical test for Carney's minority government, with the fate likely hinging on the left-leaning New Democratic Party. The budget invests over $280 billion over five years in infrastructure, defense, housing, and productivity, while aiming to save up to $60 billion through a public service reduction program and improved tax collection.
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