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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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Mediation Talks Between Canada Post and Union Halted Amidst Ongoing Strike



Mediation talks between Canada Post and the Canadian Union of Postal Workers (CUPW) have been suspended, as both parties remain far apart on critical issues. The federally appointed special mediator announced the suspension, stating that the parties need time to reassess their positions.

The suspension comes after nearly two weeks of strike action by Canada Post workers, which has significantly impacted the national mail service, especially with the busy holiday season approaching. Labour Minister Steven MacKinnon expressed frustration over the breakdown in negotiations and has requested both parties to meet with him to discuss the way forward.

The mediator will re-engage with both sides as soon as productive bargaining can resume. In the meantime, the union and Canada Post are urged to come back to the table with renewed resolve.

The ongoing strike and suspension of talks have raised concerns about the timely delivery of mail and packages, leaving many Canadians anxious about the potential impact on their holiday plans.




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