Canada's Mark Carney promises 'bold' first federal budget

Canadian Prime Minister Mark Carney's first federal budget, set to be unveiled on November fourth, is expected to include deep budget cuts and significant investments aimed at transforming the economy. The budget comes amidst new economic pressures, including US President Donald Trump's tariffs on Canadian goods. Carney aims to double non-US exports in the next decade and has set a goal of reaching NATO defense spending targets by 2035. The budget's success depends on support from other parties, as Carney's Liberals lack a majority in Parliament. The choices made in this budget will significantly impact Canada's economy and its global standing. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.