Articles for tag: budget 2025, Mark Carney, Ottawa

November 6, 2025

Bay St Signal Editors

Carney Budget Skips Rebates, Sticks To Investment Plan

Prime Minister Mark Carney’s first budget centres on a multi‑year pivot to capital spending and productivity, while leaving several consumer‑facing programs on ice. Ottawa set fiscal anchors to balance day‑to‑day operations by 2028 to 2029 and to keep the deficit‑to‑GDP ratio trending lower, and mapped out roughly C$280 billion of five‑year capital outlays meant to catalyse more than C$1 trillion in total investment. Alongside C$60 billion in savings and revenues over five years. The tilt is clear, spend less on operations, invest more in projects. Markets will parse how quickly those projects move from promise to shovels. Pharmacare Funding Left

November 1, 2025

Bay St Signal Editors

Xi And Carney Agree To Advance Relations At APEC

Despite ongoing tariff issues, Xi Jinping and Mark Carney signaled a reset for diplomatic relations during their meeting at the APEC summit. Meeting in Gyeongju, South Korea, last Friday, the two leaders agreed to advance ties and Carney accepted Xi’s invitation to visit China, though a date has not yet been set. This discussion marks their first formal leaders’ meeting in years, representing a significant break from the diplomatic freeze that began after the 2018 Huawei arrests. Tariffs Set The Terms Canada’s 100 percent surcharge on Chinese EVs took effect on October 1, 2024, on top of the 6.1 percent

October 29, 2025

Bay St Signal Editors

Trump Raises Tariffs, Still Dines With Carney

Ottawa focuses on diversifying amid rising tariffs. Trump hiked tariffs on Canada by another 10 percent last week, then still sat across from Mark Carney at an APEC dinner in South Korea. Canadian exporters feel it now in autos, steel, aluminum, and lumber. That pushes Carney to lock Asia demand this week, not next year. Carney’s Asia Push Is About Leverage Carney is chasing real options to ensure Canada can stand on its own two feet. He set a mission to double non-U.S. exports over the next decade, then hit Malaysia, Singapore, and Korea. He met Singapore’s PM to advance

October 27, 2025

Bay St Signal Editors

Carney Bets On Asia While U.S. Stalls

Washington’s walk-away gives Mark Carney licence to court Asia, yet diversification without stronger domestic ownership risks another dependency trap. The question is whether now, with U.S. talks frozen, Ottawa will hard-wire ownership rules before bargaining for new market access. Reset Foreign Control Foreign firms still own 44.1 percent of Canada’s manufacturing assets, Statistics Canada found on 9 October 2024. That share shapes capital allocation, because boardroom calls on R&D or re-tooling happen abroad. Without stiffer Investment Canada Act rules, swapping U.S. buyers for Asian champions still lets profits and patents leave. One lever sits on the minister’s desk: make automatic

October 24, 2025

Bay St Signal Editors

Carney’s Diversification Bet Meets Hard Math

Carney’s goal to double non‑US exports within a decade is directionally right, but the math is brutal without faster execution. The pledge, tied to his October 22 address and framed as C$300 billion more trade, needs policy teeth now, not in 2033. The government set the target in a prime time speech that also touted new build‑faster laws and a fresh projects office, both meant to move exports beyond the United States’ grip. That framing is credible on paper, but delivery hinges on provinces, ports, pipelines, and buyers outside North America, not slogans in Ottawa. The risk window is immediate,

October 10, 2025

Signal Editorial

Defence

Investors Crowd Into Defence and Builders as Carney Accelerates Projects

Money is moving where the government is pointing. Investors are rotating into defence contractors, engineers, and builders as Ottawa promises to fast-track flagship projects and increase military spending — the shift has started to show up on the tape, according to Reuters. Following through, Prime Minister Mark Carney has paired an accelerated path to the NATO benchmark with a new Defence Investment Agency intended to unclog procurement and concentrate buying power under a single roof, led by former RBC executive Doug Guzman. The setup is explicit: hit two percent of GDP on defence now, then pull forward approvals and financing