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

The Hill · Associated Press · 2026-11-06 01:24 UTC

OTTAWA, Ontario (AP) — Canadian Prime Minister Mark Carney’s government unveiled a budget Thursday aimed at making Canada less dependent on the United States as President Donald Trump’s trade war r…

OTTAWA, Ontario (AP) — Canadian Prime Minister Mark Carney’s government unveiled a budget Thursday aimed at making Canada less dependent on the United States as President Donald Trump’s trade war reshapes the allies’ economic relationship.

The budget, titled “Masters of Our Destiny,” proposes $142.1 billion Canadian (US$101.6 billion) multiyear spending and tax breaks, including incentives to attract investment and billions for energy, infrastructure and culture.

The government projects spending of $603 billion Canadian (US$431 billion) and a $62.3 billion Canadian (US$44.5 billion) deficit for 2026-27, $3 billion Canadian (US$2.1 billion) less than forecast in April.

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