Carney plans billions in new spending in response to US tariff shocks

Government

Canada's Prime Minister Mark Carney has put forward his first federal budget, which lays out an ambitious plan to transform Canada's economy and deal with the challenge of US tariffs. Billed an "investment budget" by the government, the fiscal plan increases Canada's deficit to C$78bn ($55.3bn; £42.47bn), the second largest in history. The spending is offset by plans to attract C$1tn of investment into Canada over the next five years, with the federal government arguing more restrained spending

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