Carney Pledges Bold Investment Plan, Warns of Tough Trade-Offs Ahead
Carney vows budget will spur 'unprecedented' investment, but warns of 'sacrifices'. Prime Minister Mark Carney has set the stage for his first federal budget, promising what he called “unprecedented” levels of private sector investment over the next five years. Speaking at the University of Ottawa, Carney said the government has the fiscal strength to act decisively, but cautioned Canadians that the ambitious plan will require sacrifices. Carney emphasized that Canada must diversify its trade and reduce reliance on the United States, particularly in the wake of recent tariff disputes. He outlined a goal to double non-U.S. exports within the next decade, aiming to generate an additional $300 billion in trade. “Now is not the time to be cautious because fortune favours the bold,” Carney declared, framing the budget as both a growth strategy and a test of national resilience. The budget, set to be released on November 4, is expected to focus heavily on infrastructure, ...
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