Core Points - Canadian Prime Minister Carney has committed to investing 141 billion CAD to address the impacts of the U.S. trade war [1] - The federal government has released its first budget since Carney took office, which includes significant fiscal spending to counter severe economic shocks and substantial cuts to public service spending [1] - The budget aims to stimulate economic growth and improve productivity amid rising trade uncertainty and economic slowdown [1] Economic Impact - The budget outlines proposed cuts and investment plans totaling billions of CAD, with a projected deficit of 78 billion CAD for the fiscal year 2025-2026, which is significantly higher than the previous Liberal government's commitment of 42 billion CAD [1][2] - The Canadian Parliament is expected to hold a key vote on the budget on the 18th [1] Trade and Defense Spending - The U.S. government has imposed a 35% tariff on all Canadian goods not covered by the USMCA, with tariffs on Canadian steel and aluminum products reaching as high as 50% [2] - Carney's budget is projected to stimulate 1 trillion CAD in domestic investment over the next five years to protect Canada from the U.S. trade war [2] - The budget will also increase defense spending, with a commitment of 9 billion CAD to enhance military capabilities, aligning with NATO's goal of spending 3.5% of GDP on core defense objectives by 2035 [2]
英媒:加拿大总理卡尼承诺投入1410亿加元应对美国贸易战
Huan Qiu Shi Bao·2025-11-05 22:43