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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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Cardinals Prepare for Papal Conclave Amid Calls for Unity

The Vatican has announced that the conclave to elect the next pope will commence on May 7. This decision follows the funeral of Pope Francis, who led the Roman Catholic Church for 12 years before his passing on April 12. 

The College of Cardinals, comprising 135 electors under the age of 80, will gather in the Sistine Chapel for the secretive voting process. A two-thirds majority is required to elect the new leader of the Church, which has an estimated 1.4 billion followers worldwide. 

In the days leading up to the conclave, cardinals from diverse corners of the globe are engaging in informal meetings to foster familiarity and consensus. Many of these cardinals were appointed by Pope Francis and have had limited opportunities to interact, adding an element of unpredictability to the proceedings. 

The conclave is expected to reflect the Church's ongoing dialogue between progressive and conservative factions. While some cardinals emphasize continuing Francis' focus on social justice, others advocate a return to traditional doctrines. 

The conclave's outcome will shape the future direction of the Church, as cardinals navigate the delicate balance of unity and diversity within its leadership. 

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