Canada's Budget: Spending, Defense, and Economic Strategies Amid US Tensions

Canada's new federal budget, introduced by Finance Minister François-Philippe Champagne, features significant spending aimed at boosting competitiveness and infrastructure, alongside planned austerity measures including job cuts and ministry reductions. The budget emphasizes transforming Canada into a 'clean energy superpower,' increasing defense spending, and diversifying trade away from the US, while also marking a shift away from Trudeau-era policies such as immigration targets and environmental initiatives. It aims to address economic challenges posed by global shifts and US trade tensions through strategic investments and reforms.