Prime Minister Mark Carney is set to present his government's first federal budget on Tuesday, and has warned Canadians to expect "sacrifices" as he aims to transform an economy battered by US President Donald Trump's tariffs. Carney has said the spending plan will see both significant cuts and "generational investments" to strengthen the economy and reduce the country's reliance on US trade. The plan is also expected to lay out how Canada will pay for billions of dollars in defence spending to fulfil the new Nato commitment to spend 5% of GDP on defence by 2035. Analysts have suggested the federal deficit ... (full story)