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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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Alberta Teachers Overwhelmingly Reject Contract, Provincewide Strike Looms

 

                                      Premier Danielle Smith closes out her town hall tour in South Calgary.


Alberta is bracing for its first provincewide teachers’ strike in decades after nearly 90 per cent of educators voted to reject the government’s latest contract offer. The Alberta Teachers’ Association (ATA), representing more than 51,000 teachers across public, Catholic, and francophone schools, confirmed that the strike is set to begin on October 6.

The rejected deal included a 12 per cent wage increase over four years, a promise to hire 3,000 new teachers and 1,500 educational assistants by 2028, and government coverage of COVID-19 vaccine costs for teachers. Despite these provisions, ATA president Jason Schilling said the offer failed to address classroom realities, including overcrowding and underfunding.

The strike is expected to disrupt learning for more than 700,000 students across 2,500 schools. The government expressed disappointment, with Finance Minister Nate Horner questioning whether the union leadership truly reflected members’ priorities. Premier Danielle Smith is expected to address the issue in the coming days.

Parents and school boards are now preparing for widespread disruptions, while the ATA has signaled it remains open to further negotiations if the province returns with a stronger proposal.


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