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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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Typhoon Bualoi Leaves 19 Dead in Vietnam as Hanoi Battles Worst Flooding in Years

People watch as workers remove fallen trees and electric polls from a road after Typhoon Bualoi makes landfall in Nghe An province, Vietnam, September 29, 2025. 


Typhoon Bualoi has left at least 19 people dead and 21 missing after making landfall in northern central Vietnam, unleashing torrential rains, powerful winds, and widespread flooding across the country.

The storm, which struck late Monday, damaged more than 100,000 homes and inundated over 10,000 hectares of crops, particularly in Nghe An and Ha Tinh provinces. In Hanoi, relentless downpours turned streets into rivers, paralyzing traffic and forcing schools to close. Residents described water pouring into their homes, with some villages submerged up to roof level.

Authorities reported 88 injuries and warned of continued risks of landslides and flash floods as rainfall in some regions exceeded 300 millimeters in just 24 hours.

Bualoi had already claimed lives in the Philippines before hitting Vietnam, underscoring the growing intensity of storms in the region. With Vietnam facing up to 10 typhoons annually, officials fear more destructive weather could follow in the coming months.


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