Canada narrowly approves Carney's first federal budget
Summary
Canada's parliament approved Prime Minister Mark Carney's first federal budget by a narrow margin. The budget increases Canada's deficit to C$78 billion and passed with support from some opposition members, avoiding an early election. The budget proposes new spending to strengthen Canada's economy but has faced criticism for not adequately addressing affordability and climate change.Key Facts
- Canada's parliament narrowly passed the federal budget with 170 votes in favor and 168 against.
- The budget increases Canada's projected deficit to C$78 billion.
- Prime Minister Mark Carney's minority Liberal government needed support from opposition MPs to pass the budget.
- Green Party leader Elizabeth May supported the budget based on climate commitments.
- The Conservative Party and Bloc Québécois opposed the budget, citing affordability issues.
- The budget includes C$140 billion in new spending over five years to boost the economy.
- Plans include updating trade infrastructure and offering support to businesses affected by US tariffs.
- The budget aims to cut the federal workforce by 10% for fiscal balance, a move criticized by public sector workers.
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