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Carney Unveils CA$280B Budget, Doubles Canada's Deficit
- Finance Minister François-Philippe Champagne tabled the budget in the House of Commons on Nov. 4, as Prime Minister Mark Carney's minority government requires opposition support to pass it.
- Prime Minister Mark Carney has said the budget responds to punishing U.S. tariffs and a weak economy, with government officials calling it a 'generational' plan requiring tough trade-offs to invest more while spending less.
- The budget projects a $78 billion deficit for 2025-26, pledges $81.8 billion over five years for the Canadian Armed Forces, and expects about 40,000 public service positions to be reduced.
- Liberal House leader Steven MacKinnon says the government presently lacks the votes to pass the budget, and NDP interim leader Don Davies says his party will wait until next month before deciding support, making failure a potential trigger for an election.
- The budget separates operational and capital spending and sets a three-year operational balance target, aiming to save $13 billion annually by 2028-29 with $141 billion in new spending over five years.
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The ministerial deficit by the Committee on Budgets and Finance, within the scope of the evaluation of the OE in the specialty, is over. What have they revealed so far? And the EDP will pay taxes by the barriers.
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Coverage Details
Total News Sources181
Leaning Left56Leaning Right19Center18Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 19%
R 21%
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