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CNTaiwan stocks fell below 40,000 points at the opening today. President Lai Ching-te: Don’t panic, the government will pay close attentionCNSued under the National Security Law and asked for a heavy sentence of 14 years, Gao Jin Sumei cried out: not a dime flowed into my pocketCNThe reason for the decline in Taiwan stocks is irrational! Guo Zherong added 50 million to buy 0050: I have no moneyCNAsian stocks crashed! The Nikkei plunged more than 4,000 points in early trading, and South Korean stocks triggered a circuit breakerCNThe fifth column is real! High Procuratorate: Zhang Junjie sent people to China to receive united front trainingAUBreaking: Volunteer search for missing Tasmanian finds 'human remains'CN"Snooker" has been in desperate situations and defeated opponents who have never won before. Chen Minxin's miracle of winning gold at the Youth OlympicsCNA major security issue is reported in a popular and well-known mobile game! Tens of thousands of players may have been hacked, officials take remedial measuresBRIBGE opens 1,200 temporary vacancies in PI; Registration starts this Friday (6)CNThe intensity is rare at the same time! Widespread rain and snow are coming in central and eastern China, and heavy snowfall will occur in northern China and other placesCNTaiwan stocks fell below 40,000 points at the opening today. President Lai Ching-te: Don’t panic, the government will pay close attentionCNSued under the National Security Law and asked for a heavy sentence of 14 years, Gao Jin Sumei cried out: not a dime flowed into my pocketCNThe reason for the decline in Taiwan stocks is irrational! Guo Zherong added 50 million to buy 0050: I have no moneyCNAsian stocks crashed! The Nikkei plunged more than 4,000 points in early trading, and South Korean stocks triggered a circuit breakerCNThe fifth column is real! High Procuratorate: Zhang Junjie sent people to China to receive united front trainingAUBreaking: Volunteer search for missing Tasmanian finds 'human remains'CN"Snooker" has been in desperate situations and defeated opponents who have never won before. Chen Minxin's miracle of winning gold at the Youth OlympicsCNA major security issue is reported in a popular and well-known mobile game! Tens of thousands of players may have been hacked, officials take remedial measuresBRIBGE opens 1,200 temporary vacancies in PI; Registration starts this Friday (6)CNThe intensity is rare at the same time! Widespread rain and snow are coming in central and eastern China, and heavy snowfall will occur in northern China and other places
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BackCanada budget charts ‘economic independence’ in decisive shift from US
Canada budget charts ‘economic independence’ in decisive shift from US
NEWS
SCMP Economy23 minutes agoBusiness1 min readChina

Canada budget charts ‘economic independence’ in decisive shift from US

canadaunited statesbudget

Quick Look

Canada's second budget under Prime Minister Mark Carney calls for economic independence from the United States, stating that reducing reliance on the US market will take time but the shift is underway, presented two days after President Donald Trump's midterm election rebuke.

AI-generated summary

Why It Matters

Prime Minister Mark Carney's second budget since taking office was presented to parliament two days after President Donald Trump suffered a sweeping midterm election rebuke, with Democrats set to control the US House and Senate next year.

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Canada unveiled a budget on Thursday that calls for “economic independence” and says that while reducing its reliance on the United States will take time, “the shift is under way”.

Prime Minister Mark Carney’s second budget since taking office last year was presented to parliament just two days after President Donald Trump suffered a sweeping midterm election rebuke.

While Democrats, who will take control of the US House and Senate next year, have already voiced a desire to ease Trump’s trade war with Canada, Carney’s budget affirms that the Canadian economy cannot remain dependent on the US market.

What to Watch

AI outlook — possibilities, not facts

  • Canada will implement specific measures to reduce economic reliance on the United States

    Likely · Within months

Open Questions

  • What specific measures does the budget include to reduce reliance on the US market?
  • What is the timeline for achieving economic independence?
  • How will the budget affect specific Canadian industries?

Related Topics

canada
PeopleMark CarneyDonald Trump
OrganizationsOffice of the Prime Minister of Canada
PlacesCanadaUnited States
Topicsunited statesbudgetmark carneydonald trumptrade wareconomic independence
This article was originally published by SCMP Economy.

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