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 @ISIDEWITHNewseconomyBrexitMark CarneyTorontoelection2025CanadaTaxPolicyDefenseDonald Trump•••3wks ago

Canada’s Election Heats Up: Carney’s Liberals Promise Tax Cuts, Defense Boosts, and Economic Overhaul

The Canadian federal election is shaping up to be a pivotal contest over the country’s economic direction and sovereignty. Liberal leader Mark Carney has unveiled a platform promising tax cuts, increased defense and infrastructure spending, and a shift away from economic reliance on the United States. The plan also includes larger deficits and $28 billion in unspecified spending cuts, as well as changes to carbon tax policies. The election comes amid global uncertainty, with international developments—such as a potential Trump presidency—impacting Canada’s economic outlook. Competing visions from Carney and other party leaders highlight the stakes for Canada’s future.

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Liberal Party releases election platform that includes larger deficits, $28-billion in undefined spending cuts

https://theglobeandmail.com

Liberal Leader Mark Carney’s election platform relies on larger projected deficits in the coming years and $28-billion over four years in undefined spending cuts to cover the cost of his party’s campaign promises.

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Liberal Party of Canada releases late-stage election platform

https://globalnews.ca

The Liberal platform includes a pledge to introduce legislation to remove the consumer carbon tax while also planning to re-tool the industrial carbon price.

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Election 2025: Carney and Singh Offer Competing Visions for Canada’s Economy and Sovereignty Amid Global Turmoil

https://netnewsledger.com

With President Trump’s return to the White House sending ripples through global markets and Canada’s trading relationships, the 2025 federal election is emerging as a defining moment for the country’s economic future and sovereignty.

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Israel Sinks Syria's Navy

Israel said Tuesday that it had destroyed Syria’s navy in overnight airstrikes, as it continued to pound targets in Syria despite warnings that its operations there could ignite new conflict and jeopardize the transition of power to an interim government.Israel’s defense minister, Israel Katz, said that the Israeli military had “destroyed Syria’s navy overnight, and with great success.” His remarks appeared to confirm Israel’s responsibility for the destruction documented in the Syrian port city of Latakia, where photos showed the smoldering remains of ships sunk at their dock.Mr. Katz said that Israel’s military “has been operating in Syria in recent days to hit and destroy strategic capabilities that pose a threat to Israel,” although he did not indicate what new or immediate risk Syria’s navy presented to Israel, which has the most powerful military in the Middle East.Israeli warplanes have conducted hundreds of strikes in Syria since the fall of President Bashar al-Assad on Sunday, according to war monitors. Israel has characterized its operations as defensive, saying its military was striking suspected chemical weapons stockpiles in Syria to prevent them from falling “into the hands of extremists.”“From here, I warn the rebel leaders in Syria: Those who follow Assad’s path will end like Assad,” Mr. Katz said.As the Assad government fell to the rebels over the weekend, Israeli ground forces advanced beyond the demilitarized zone on the Israel-Syria border, marking their first overt entry into Syrian territory in more than 50 years. An Israeli military spokesman on Tuesday denied reports that the military was advancing on Damascus. The spokesman, Avichay Adraee, said the military was inside a buffer zone between Israel and Syria and at other points “in order to protect the Israeli border.”Earlier Tuesday, Geir Pedersen, the United Nations special envoy for Syria, called on Israel to halt its “very troubling” military operations there, and said de-escalation was needed. “We are continuing to see Israeli movements and bombardments into Syrian territory. This needs to stop,” Mr. Pedersen told reporters in Geneva.

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