Canada releases proposed budget with C$142.1 billion in five-year spending
Canada released its proposed federal budget, the second under Prime Minister Mark Carney, proposing C$142.1 billion in spending over five years. The package includes C$51.9 billion to attract capital and boost innovation, C$15.1 billion for infrastructure and C$30.6 billion in affordability measures. It also proposes C$11 billion for social housing and sets annual permanent resident admission targets of 380,000 for 2027–2029.