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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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North Korea Reaffirms Nuclear Arsenal as Core to Sovereignty at UN

 

Vice Minister for Foreign Affairs for North Korea Kim Son Gyong addresses the 80th session of the United Nations General Assembly at United Nations headquarters, Monday, Sept. 29, 2025.


North Korea has declared it will never abandon its nuclear weapons program, calling the demand for denuclearization an attack on its sovereignty and right to exist. Speaking before the United Nations General Assembly, Vice Foreign Minister Kim Son Gyong said that nuclear weapons are enshrined in the country’s constitution and are essential to maintaining a “balance of power” on the Korean Peninsula.

Kim argued that U.S.-led military exercises with South Korea and Japan represent a growing threat of aggression, insisting that Pyongyang’s nuclear arsenal is the only effective deterrent. “We will never walk away from this position,” he stated, rejecting international calls for disarmament.

The remarks mark the first time since 2018 that a senior North Korean official has addressed the UN gathering in person. While the speech was less combative than some of Pyongyang’s past rhetoric, it underscored the regime’s unwavering stance: nuclear weapons are non-negotiable.

North Korea has been under UN sanctions since 2006 for its nuclear and ballistic missile programs, but enforcement has weakened as Russia and China push for easing restrictions. Analysts say the speech signals Pyongyang’s intent to strengthen ties with these allies while resisting U.S. pressure.

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