Carney Uses Oil Revenue for Canadian Budget
Prime Minister Mark Carney unveiled a federal budget allocating windfall oil revenue toward infrastructure and tax incentives. The spending aims to boost productivity and reduce economic dependence on the United States while keeping core fiscal goals intact.
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Canada unveiled a C$158.3B ($113.2B) fiscal package on Thursday, leveraging windfall West Texas Oil revenues to fund infrastructure and tax incentives over five years. The budget preserves core fiscal targets while seeking to reduce reliance on the United States following prolonged trade friction.
