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

  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.

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• Canadian artists grapple with U.S. tariffs, find new buyers amid trade war

  Source: Global News Politics
  Date: 2026-09-22 10:00:06.0
  Tags: [National, Trade, Economy, Culture, Taxation]

  Following the breakdown of Canada-U.S. trade negotiations under U.S. President Donald Trump's administration, the United States imposed a 50 per cent tariff on Canadian visual arts, crafts, and natural materials, including paintings, sculptures, and jewelry. The Visual Arts Alliance and the Canadian Artists Representation (CARFAC) have called on the federal government to implement targeted financial relief for artists and galleries, establish a GST exemption for buyers of Canadian-made art, and create clear customs policies for temporary art exports. Industry advocates, such as OCAD University President Ana Serrano, are urging Ottawa to treat cultural and creative industries as intellectual property and actively promote them in foreign export markets like Europe to offset losses in the U.S.

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