Canada's next budget to be unveiled this week amid U.S. trade war, economic uncertainty

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Source: CBC Politics
Date: 2026-11-02 09:00:00.0
Tags: [National, Economy, Taxation, Finance, Trade, Infrastructure, Defence, Housing, Culture]

Prime Minister Mark Carney's upcoming federal budget, set to be unveiled by Finance Minister François-Philippe Champagne under the title "Masters of Our Destiny" ("Maîtres Chez Nous"), will focus on affordability measures, business tax incentives, and strategic investments in infrastructure, defence, and culture. The fiscal plan addresses ongoing economic uncertainty and a U.S. trade war while factoring in a Parliamentary Budget Office projection that public debt charges will reach $83 billion by 2030-31. Stakeholders such as the Canadian Federation of Independent Business and the Council of Canadian Innovators are pressing for targeted tax relief, including reductions to small business corporate tax rates and technology sector capital gains incentives. Meanwhile, economists note that housing delivery under the Build Canada Homes initiative remains behind targets, with only about 2,000 of 19,000 committed affordable units currently under construction.

Carney to address Liberal caucus after return from Europe

Source: Global News Politics
Date: 2026-09-18 12:25:25.0
Tags: [National, Trade, Economy, Taxation, Defence, Governance]

Prime Minister Mark Carney addressed the Liberal caucus in Ottawa ahead of the fall sitting of the House of Commons, which will feature upcoming legislation to enact a fuel excise tax extension announced on September 2. Following a trip to Strasbourg, France, Carney welcomed a historic proposal from European Commission President Ursula von der Leyen for Canada to become the European Union's first associate member. Carney stated he will sign no new deals with the European Union until Canada’s Parliament can vote on them, as part of a broader push to strengthen trade, defence, and people-to-people ties with Europe and reduce reliance on the United States.