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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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Conservative Gains Shake Liberal Stronghold in Ontario

The political landscape in Ontario witnessed a dramatic shift as the Conservatives made significant inroads in the Greater Toronto Area (GTA), traditionally a Liberal bastion. While the Liberals maintained their dominance in urban centers like downtown Toronto, the Conservatives surged in suburban ridings, flipping key seats in regions such as York and Peel. 

This shift highlights a growing competitiveness in the GTA, with the Conservatives capitalizing on voter concerns over economic policies and local issues. Despite these gains, the Liberals managed to hold onto enough seats in the GTA to remain a formidable force, underscoring the region's pivotal role in shaping federal election outcomes.

The results signal a more fragmented political map in Ontario, setting the stage for intense battles in future elections.

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