Carney unveils budget to strengthen Canada's economy as Trump's trade war slows growth

Canadian Prime Minister Mark Carney has unveiled a new federal budget titled “Masters of Our Destiny,” proposing $142.1 billion in multiyear spending. The plan aims to reduce Canada's economic dependence on the United States amid ongoing trade tensions under President Donald Trump. The budget includes significant incentives for energy, infrastructure, and culture, while projecting a deficit of $30.8 billion for the 2026-27 fiscal year, lower than previous forecasts.