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Carney government unveils $142-billion budget to strengthen Canada's economic sovereignty

OTTAWA — Prime Minister Mark Carney's Liberal government unveiled its second federal budget on Thursday, November 5, introducing $142.1 billion in new spending and tax measures aimed at accelerating investment, strengthening economic sovereignty and reducing Canada's dependence on the United States. Presented by Finance Minister François-Philippe Champagne under the title Masters of Our Destiny, Budget

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Canada’s 2026 budget sets out spending and tax plans

Canada’s federal budget for 2026 was reported on Nov. 5, with coverage continuing into Nov. 6. My Bancroft Now reported a proposed grocery benefit top-up and a projected $62.3-billion deficit, while Lethbridge Herald reported $11.2 billion for a plan to end homelessness within a decade. Global News focused on the immigration plan, and Winnipeg Free Press reported new tax measures aimed at growing businesses. Big News Network.com also reported plans for a sovereign wealth fund.

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