Canada's Liberal government has introduced an ambitious new budget aimed at countering the economic impact of recent U.S. tariffs. With a staggering 280 billion Canadian dollars allocated, this spending spree is designed to bolster the Canadian economy and support local industries. This move is crucial as it not only addresses immediate economic challenges but also reinforces Canada's commitment to maintaining a strong trade relationship with its most significant partner, the United States.

Former Liberal president Jason Falinski has expressed strong concerns about the party's potential decision to abandon its net zero commitments, warning that it would send a discouraging message to young Australians and could negatively impact their support in the upcoming election. He argues that such a move would be seen as capitulating to standover tactics, undermining the party's credibility on climate issues. This situation is significant as it highlights the internal conflicts within the party regarding climate policy and the potential repercussions for their electoral prospects.

Canada's federal budget, introduced by Prime Minister Carney, highlights key initiatives like tariff cushions and investments in space launches, while also embracing international events like Eurovision. This budget aims to safeguard the country's interests and expand its horizons beyond the US.

Canada's new climate strategy outlined in Budget 2025 lacks a commitment to emissions reduction and does not propose any incentives for Canadians to lower their emissions, such as reviving subsidies for electric vehicle purchases.

The 2025 federal budget reveals exciting plans for CBC, as the government is collaborating with the public broadcaster to explore Canada's participation in the renowned Eurovision song contest.

In a move that many are celebrating, Carney is cutting the luxury tax as part of Budget 2025. This budget also introduces a 'super-reduction' to Canada's marginal effective tax rate and aims to enhance traveller screening at airports through further automation.

Canada's Prime Minister Mark Carney announced plans to widen deficits in an effort to stimulate the economy, which includes cutting the federal public-sector workforce by approximately 5%, translating to around 16,000 job losses.

Canada's Prime Minister is unveiling a federal budget that aims to attract business investment and safeguard sectors affected by the ongoing trade tensions with the Trump administration. This new spending plan is a proactive response to the challenges posed by US tariffs.