Carney plans billions in new spending in response to US tariff shocks

The Canadian government has unveiled a new federal budget aimed at responding to the economic shocks caused by the ongoing trade disputes with the United States. The budget, presented by Finance Minister Bill Morneau, includes plans for billions in new spending to attract business investment and protect sectors that have been hit by US tariffs. The measures include tax incentives for companies to invest in machinery and equipment, as well as funding to support industries such as steel, aluminum, and agriculture, which have been heavily impacted by the trade tensions. The government also plans to provide direct financial assistance to affected businesses and workers. The budget is seen as a proactive response to the uncertainty created by the trade war with the US, as Canada seeks to maintain its competitiveness and mitigate the economic impact on its citizens. The government is hoping that these measures will help to stimulate investment and protect jobs in the face of ongoing trade challenges.