In a significant policy shift, Canadian Prime Minister Mark Carney announced plans to reduce the country's economic and security ties with the United States in his upcoming budget. Carney, who took office in April, emphasized the importance of striking a balance between fiscal conservatism and substantial investments to safeguard the Canadian economy.

Highlighting vulnerabilities exacerbated by close U.S. economic ties, Carney pledged to diversify exports, aiming to double non-U.S. trade within a decade. This strategic shift could generate an additional C$300 billion for Canada, he asserted on Wednesday during a speech to university students.

Despite promising increased defense spending and infrastructure enhancements, Carney's plans face revenue challenges from recent tax cuts and tarif

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