Canada’s budget watchdog is skeptical Prime Minister Mark Carney’s government will fulfill one of its key fiscal pledges.

The impending budget has been billed as a mixture of austerity and big spending. Here’s everything you need to know.

Prime Minister Mark Carney's 2025 federal budget folds previously dedicated public transit funding into a larger infrastructure pool.

For decades, Canada has relied on the United States for trade and supply chains. Canada still benefits from low US tariffs. 85% of trade is tariff-free, and Canadian exporters have the lowest average US tariff of any country in the world – though some sectors remain affected.

The changes to permanent and temporary resident admissions were contained in the 2025 federal budget unveiled in Ottawa on Tuesday.

From tariff cushions to space launches to Eurovision, Prime Minister Carney’s first budget aims to protect Canada while looking beyond the US.

Some experts are concerned that post-secondary students will have access to less money through the Canada Student Grant (CSG), based on a line item buried in Budget 2025.

The federal government’s 2025 budget may have survived by only two votes, but one of its quieter tax changes carries major implications for Canadian insurers with foreign-affiliate structures. Ottawa has moved to close what it describes as a longstanding gap in the Foreign Accrual Property Income (FAPI) regime – a move KPMG Canada says could alter how insurers manage,