Tax & Spend
Carney to Unveil Debt-Fueled Budget to Revamp Canada’s Economy
Construction on Parliament Hill in Ottawa, on Oct. 25.
Photographer: David Kawai/BloombergMark Carney was elected prime minister with a mandate to transform Canada’s economy. Now he needs to assure markets about the price tag.
President Donald Trump’s policies have upended decades of assumptions about Canada’s relationship with its No. 1 trading partner. With US tariffs still hammering growth, the Carney government’s first budget will focus on the wrenching structural change needed to strengthen the domestic economy and non-US exports.