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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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Trump and Netanyahu Announce Gaza Peace Plan, Await Hamas Response

 

Israel's Prime Minister Benjamin Netanyahu shakes hands with President Donald Trump after a news conference in the State Dining Room of the White House, Monday, Sept. 29, 2025, in Washington.


U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu unveiled a joint plan they say could bring an end to the devastating war in Gaza, contingent on Hamas agreeing to the terms.

The proposal, released at the White House, outlines a 20-point framework that includes an immediate ceasefire, the release of all hostages within 72 hours, and the withdrawal of Israeli forces from Gaza once Hamas disarms. In exchange, hundreds of Palestinian prisoners would be freed, and Gaza would be placed under a transitional Palestinian-led administration overseen by an international “Board of Peace,” chaired by Trump and joined by figures such as former British Prime Minister Tony Blair.

Netanyahu hailed the plan as a “decisive step” toward peace, emphasizing that Israel would regain its hostages and dismantle Hamas’ military capabilities. Trump warned that if Hamas rejects the deal, Israel would have full U.S. backing to continue military operations.

Hamas negotiators, briefed on the plan by Qatari and Egyptian mediators, said they are reviewing the proposal “in good faith” and will issue a response soon.

The announcement comes amid mounting international pressure on Israel over the humanitarian crisis in Gaza, where tens of thousands of Palestinians have been killed and much of the territory reduced to rubble. Several Western nations have recently recognized Palestinian statehood, further isolating Netanyahu’s government on the global stage.

For now, the fate of the plan rests with Hamas — and whether it will accept terms that demand disarmament in exchange for reconstruction and international oversight.


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