Carney Unveils New Canada Budget
Canada's new federal budget, "Building Canada Strong," unveiled on November 4, 2025, by Finance Minister François-Philippe Champagne, proposes a "generational" $141.4 billion in new spending over five years to bolster economic resilience and productivity amidst global trade disruptions. Despite this ambitious investment, the budget projects a substantial $78.3 billion deficit for the current fiscal year, nearly double previous forecasts, as it aims to shift the nation's economy and spur private-sector growth.