Carney Unveils Massive Investment Budget To Counter US Tariff Impact. Canadian Prime Minister Mark Carney has unveiled his first federal budget, a sweeping plan to shield Canada’s economy from US tariffs and spark long-term growth. Branded an “investment budget,” the proposal raises Canada’s deficit to C$78 billion, the second largest in history while aiming to attract C$1 trillion in private investment over the next five years. Finance Minister François-Philippe Champagne presented the budget in the House of Commons, warning Canada faces “a time of profound change” that demands “bold and swift action.” The move comes as President Donald Trump’s 35% tariffs on Canadian goods, including steel, aluminium and automobiles, have triggered job losses and shaken investor confidence. To counter the fallout, Ottawa plans to spend C$280 billion to strengthen productivity and competitiveness, modernise ports and infrastructure and help firms hit by tariffs, with the goal of doubling exports to non-US markets within a decade. [Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT]