Friday, December 19, 2025

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Friday, December 19, 2025 | Latest Paper

Carney’s fall budget could be the toughest one Canadians have ever faced in peacetime

Mark Carney will still face a domestic economy with weak growth prospects while having no choice but to act quickly to bring fiscal discipline to the federal government with deep spending cuts to programs prized by many Canadians, catalyze a huge and disruptive transition to a more competitive and productive economy less dependent on the U.S., and undertake a massive boost to defence and infrastructure spending.

Buying time for Ukraine

U.S. President Donald Trump has promised more weapons for Ukraine, but is slow to penalize countries that still support Moscow’s war economy by buying cut-rate Russian oil.

Bob Rae is feeling the UN’s pain

Severe cuts to the budgets of UN humanitarian agencies, including those dealing with refugees and children, have set off panic through the organization.