'Build, baby, build': Five things Carney has pledged to do as PM
Summary
Canadian Prime Minister Mark Carney, after his party's victory in a recent election, has outlined his plans to address a range of domestic issues, including increasing the rate of home building, easing cost of living through tax cuts, building a national electricity grid, increasing defense spending, and boosting domestic trade and manufacturing.Key Facts
- Mark Carney recently won an election and is once again Prime Minister of Canada. His party, the Liberal Party, also won.
- Carney plans to build twice as many homes each year using Canadian resources and technology. The goal is to have 500,000 new homes a year.
- Carney's party aims to reduce taxes for people in the lowest income bracket from 15% to 14%.
- The Liberal Party also plans to end sales tax on homes under C$1m ($720,000; £540,000) for people buying for the first time.
- The government plans to introduce dental coverage to a national insurance program for 4.5 million people aged 18 to 64. Kids, seniors, and some disabled Canadians are already covered under this plan.
- Carney wants to construct a national electricity grid that spans from the east to the west of the country.
- Defence spending will be raised to 2% of Canada's GDP, which aligns with the target for NATO countries.
- Carney plans to strengthen domestic trade and car manufacturing in response to heavy tariffs imposed by the US.
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