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The federal government is shifting when it releases the budgets going forward, a move that comes after the decision announced last month to release Budget 2025 on Nov. 4. This means the economic update, which normally occurs near the end of the year, will now be pushed to the spring of each year under Prime Minister Mark Carney.In a release from the Department of Finance, the government says this move is aimed at “modernizing” the budget timeline to better line up with the timelines of other sectors and industries like “builders, businesses, investors, provinces, territories, and municipalities.”“Starting with Budget 2025, the federal budget will be tabled in the fall, with an economic and fiscal update released in the spring,” the release said.“This change will provide the certainty and p...

France’s new prime minister Sébastien Lecornu resigned less than 24 hours after naming his government and after less than a month in office, plunging the country into a deep political crisis and leaving French President Emmanuel Macron with few options. The French presidency said in a statement Monday that Macron, who has been hitting record lows in opinion polls, has accepted his resignation.Lecornu had replaced his predecessor, François Bayrou, in September to become France’s fourth prime minister in barely a year during a prolonged period of political instability.French politics have been in disarray since Macron called snap elections last year that produced a deeply fragmented legislature and a political impasse. Far-right and left-wing lawmakers hold over 320 seats at the National Ass...

Descrease article font size Increase article font size Prime Minister Mark Carney is flying to Washington, D.C., on Monday for a meeting with U.S. President Donald Trump on Tuesday. Carney will travel to the U.S. “ahead of a working visit and meeting with the President of the United States, Donald J. Trump, on October 7,” his office said in a statement Friday.The two leaders “will focus on shared priorities in a new economic and security relationship between Canada and the U.S.,” the statement added.Before leaving for Washington, Carney is set to meet Alberta Premier Danielle Smith at 3:30 p.m. eastern. He is set to depart for the U.S. at 4:30 p.m. eastern, his office said.He is expected to arrive in D.C. around 6 p.m. eastern.Carney’s visit c...

By Craig Lord The Canadian Press Posted October 6, 2025 8:50 am Updated October 6, 2025 8:51 am 1 min read Descrease article font size Increase article font size MPs will be pressing for details about Canada’s fiscal position today as Finance Minister François-Philippe Champagne is set to appear at a parliamentary committee. Champagne was summoned last month to make an appearance at the House of Commons finance committee to answer questions about the federal government’s budget cycle.The Liberals wi...

By Staff The Canadian Press Posted October 6, 2025 6:37 am 1 min read Descrease article font size Increase article font size The Great Lakes St. Lawrence Governors and Premiers Leadership Summit is wrapping up today in Quebec City with participants taking part in a closing news conference. Québec Premier François Legault has been hosting Ontario Premier Doug Ford as well as the governors of New York, Michigan, Wisconsin, and Pennsylvania and heads of delegation from Ohio, Illinois and Minnesota. Get breaking National news For news impacting Canada and around the world, sign up for breaking n...