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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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Wall Street Futures Rise as Shutdown Deadline Looms

U.S. stock futures edged higher on Monday, with investors balancing optimism in equities against the uncertainty of a looming government shutdown.

  • Dow Jones Industrial Average futures gained about 0.5%,
  • S&P 500 futures rose 0.6%,
  • Nasdaq 100 futures advanced 0.7%.

The rebound follows a choppy week in which major indexes slipped, pressured by concerns over Federal Reserve policy and slowing momentum in AI-driven stocks. Despite the turbulence, September has still delivered gains overall, with the S&P 500 up nearly 3% month-to-date.

Markets are also bracing for the release of the September jobs report, a key indicator for the Fed’s next move on interest rates. However, if lawmakers fail to reach a funding deal, a shutdown could delay the report, creating a “data blackout” that complicates decision-making for both policymakers and investors.

Beyond politics, corporate earnings remain in focus. Carnival is set to report results today, while Nike’s earnings later this week are expected to be a highlight. Meanwhile, gold surged to fresh records above $3,800 an ounce as investors sought safety, while oil prices slipped below $65 a barrel.

For now, Wall Street appears cautiously optimistic, but the week ahead could hinge on whether Washington averts a shutdown and whether economic data arrives on schedule.


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