Friday, 6 November 2026

ABC News - International

Carney unveils budget to strengthen Canada's economy as Trump's trade war continues

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

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