Overview
- In a rare primetime address, Prime Minister Mark Carney said his first budget will drive unprecedented private‑sector investment and cautioned that sacrifices lie ahead.
- He set a goal to double non‑U.S. exports over the next decade, later pointing to port expansions, new energy and trade corridors, and critical minerals as priorities.
- The budget will include a new immigration plan, an international talent‑attraction strategy and a climate competitiveness strategy.
- Carney pledged to balance the operating budget within three years while deepening capital investments, and he said core supports for vulnerable Canadians will continue.
- With the Liberals short of a majority, Conservative Leader Pierre Poilievre is demanding a C$42B deficit cap and tax cuts as forecasts point to a much larger shortfall and the House leader warns the plan could be blocked.