Thursday, 05 November 2026
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Canada unveils budget to curb reliance on US

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Canada unveils budget to curb reliance on US

Canadian Prime Minister Mark Carney’s government presents its budget on Thursday, a plan designed to reduce US reliance, which remains Ottawa’s priority despite President Donald Trump’s midterm election setback.
Carney has argued that relations between Canada and the United States have been permanently altered and that pre-Trump tariff-free relations will not return.
Carney says Canada needs to urgently diversify its trade relationships and has named Thursday’s budget — his second since taking office last year — “Masters of our Destiny.”
“At its core, our plan is about changing Canada’s growth model,” Finance Minister Francois-Philippe Champagne said this week.
Champagne, who will...

Source: Vanguard News

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