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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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Liberal Surge in Quebec: Bloc Québécois Faces Setback


In a surprising turn of events, the Liberal Party has made significant gains in Quebec, dealing a blow to the Bloc Québécois. Early results indicate that the Liberals are poised to secure 43 seats in the province, a notable increase from the 35 seats they held after the 2021 federal election. This shift has been most evident in the greater Montreal area, where several Bloc strongholds have flipped to the Liberals.

The Bloc Québécois, which previously held 32 seats, is projected to lose about one-third of its representation, dropping to approximately 23 seats. Bloc Leader Yves-François Blanchet acknowledged the challenges his party faced during the campaign, emphasizing the need for Quebec's interests to be respected in Ottawa.

This Liberal resurgence has not only reshaped Quebec's political landscape but also played a pivotal role in securing the party's position to form the next federal government. The results underscore a shift in voter sentiment, with the Liberals consolidating their support in key regions while the Bloc struggles to maintain its foothold.

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