In response to US tariffs, Canada's Prime Minister Mark Carney has presented a C$280bn budget aimed at transforming the economy and increasing competitiveness. The budget raises the deficit to C$78bn, the second largest in Canadian history, while outlining plans to attract C$1tn in investments over the next five years. Key initiatives include updating trade infrastructure to double exports to non-US markets and direct support for businesses affected by tariffs. However, the budget also proposes a 10% reduction in the federal workforce, resulting in approximately 40,000 job losses by 2029. Critics argue that the budget does not adequately address the immediate cost of living concerns for Canadians. The budget must pass through parliament, where Carney's minority government will need support from other parties to implement these plans.