OTTAWA - Prime Minister Mark Carney promised the nation Wednesday evening that the fall budget will spur unseen levels of private sector investments, but at the same time he warned that sacrifices are in store.

The prime minister said in a speech that the core of his government's strategy will be to spur "unprecedented" investments in Canada over the next five years, and the federal government has the “fiscal capacity to act decisively.”

"Now is not the time to be cautious because fortune favours the bold," Carney said in a speech at the University of Ottawa Wednesday evening, designed to set the stage for his first fiscal plan, due to be released Nov. 4.

The prime minister warned Canada can no longer overly rely on the U.S. as a trading partner after President Donald Trump lashed out w

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