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Carney’s First Budget Signals a Generational Reset for Canada’s Finances

Prime Minister Mark Carney jokes with Minister of Finance and National Revenue Francois-Philippe Champagne as they greet families before participating in an announcement at a community centre in Ottawa, on Friday, Oct. 10, 2025. Prime Minister Mark Carney’s inaugural budget is being framed as a turning point in Canada’s fiscal direction, marking a sharp departure from the spending patterns of recent years . Presented alongside Finance Minister François-Philippe Champagne, the budget is not just a financial document but a statement of intent: to reshape the country’s economic priorities in the face of global uncertainty and domestic pressures. At the heart of the plan is a shift away from expansive spending toward what Carney has described as “tough choices” and “sacrifices.” The government has emphasized that Canada must “spend less to invest more” , signaling a reallocation of resources rather than an outright expansion of the deficit. This approach reflects Carney’s long-standing...
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Houthi Rebels Continue Reckless Attacks on Commercial Ships in Red Sea Despite Increased Trade Traffic


According to a recent news article, the Houthi rebels have continued their attacks on commercial ships in the Red Sea, despite the increase in trade traffic.

The commander of US naval forces in the Middle East has warned that the Houthis show no signs of ending their “reckless” attacks, which have included the use of ballistic missiles and drones. The US military has responded to these attacks by sinking three Houthi boats. The attacks have led to the suspension of Maersk’s Red Sea sailings.


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