Canada's Mark Carney promises 'bold' first federal budget

Canadian Prime Minister Mark Carney has vowed a "bold" approach in the upcoming federal budget, emphasizing significant cuts alongside strategic investments to boost the economy amid challenges from US tariffs. The plan aims to reduce reliance on US trade, with a focus on doubling non-US exports, bolstering defense spending to meet NATO commitments, and boosting economic resilience. Carney, a former central banker, aims to strengthen Canada's position in the G7 group and balance the federal budget while navigating shifting trade dynamics. The budget is viewed as critical for Canada's economic future, with a focus on strategic investments to drive growth and navigate trade challenges.