{"id":254918,"date":"2025-11-01T16:46:06","date_gmt":"2025-11-01T16:46:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/254918\/"},"modified":"2025-11-01T16:46:06","modified_gmt":"2025-11-01T16:46:06","slug":"carney-says-hes-prepared-to-fight-an-election-campaign-if-budget-doesnt-pass","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/254918\/","title":{"rendered":"Carney says he\u2019s prepared to fight an election campaign if budget doesn\u2019t pass"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Prime Minister Mark Carney attends the Asia-Pacific Economic Cooperation summit in Gyeongju, South Korea, on Nov. 1.YONHAP NEWS AGENCY\/Reuters<\/p>\n

Prime Minister Mark Carney<\/a> says he\u2019s prepared to fight an election campaign if his minority Liberal government fails to pass the Nov. 4 federal budget<\/a>.<\/p>\n

Mr. Carney has already warned Canadians they will have to accept challenges and sacrifices in what he said would be \u201cgenerational investments\u201d to refashion the Canadian economy in the face of rising U.S. protectionism.<\/p>\n

The Liberals will require the support of at least one opposition party to pass their fiscal plan and the government will fall if this fails because votes on the budget amount to confidence votes.<\/p>\n

Speaking to reporters at the Asia-Pacific Economic Cooperation summit in South Korea, Mr. Carney on Saturday declined to say whether he is confident the budget will pass. <\/p>\n

Minority Liberals weigh finances with politics in coming budget<\/a><\/p>\n

Instead, he said his fiscal plan is what Canada needs.<\/p>\n

\u201cI am 100 per cent confident that this budget is the right budget for this country at this moment,\u201d Mr. Carney told reporters.<\/p>\n

\u201cThis is not a game.\u201d<\/p>\n

Government House Leader Steven MacKinnon has said the Liberals do not have the votes yet.<\/p>\n

Asked if he is prepared to go to the polls if the Liberals fail to achieve the necessary votes and his government falls, Mr. Carney said he was.<\/p>\n

\u201cI\u2019m always prepared to stand up for the right thing.\u201d<\/p>\n

An election call could mean two votes in Canada in less than 12 months.<\/p>\n

The budget will likely mean cuts in government operations and services but more money for investments that help Canadian business.<\/p>\n

Public service braces for billions in spending cuts ahead of Tuesday\u2019s budget<\/a><\/p>\n

Mr. Carney, in South Korea, said Canada has to reduce its overreliance on the United States and pay for new security challenges. He\u2019s already committed to the biggest increase in military spending in 70 years but his budget will be the first indication of how this fits into the federal fiscal framework.<\/p>\n

Last month, Mr. Carney announced he\u2019s set a 10-year goal<\/a> for Canada of doubling its trade with countries other than the United States to $300-billion.<\/p>\n

\u201cWhere are we going to find the growth, given the headwinds from the new U.S. trade policy?,\u201d Mr. Carney said. \u201cWhat this budget will do is provide the answer to that question and the means to become masters in our own home: ma\u00eetres chez nous.\u201d<\/p>\n

The tariffs<\/a> that U.S. President Donald Trump<\/a> has imposed on Canada and dozens of major U.S. trading partners have disrupted worldwide supply chains and weakened the international rules-based order by disregarding free trade agreements.<\/p>\n

\u201cIt\u2019s an important moment in the global economy. It\u2019s a critical moment for our country,\u201d Mr. Carney said.<\/p>\n

Earlier, also in South Korea, Defence Minister David McGuinty said the budget will pave the way<\/a> for the government to fulfill its new NATO commitment to spend 5 per cent of GDP on defence.<\/p>\n

\u201cWhat we\u2019ll be doing in the budget is laying track to meet the 5-per-cent target by 2035,\u201d he said.<\/p>\n

The steep increase in military spending \u2013 the biggest in more than 70 years \u2013 has handed Mr. Carney\u2019s government a fresh challenge: how to pay for it.<\/p>\n

Carney faces historic choice between South Korea and Europe for submarine fleet<\/a><\/p>\n

Canada has yet to allocate money in the fiscal framework to buy as many as 12 new submarines. The subs will cost as much as $2-billion each, and that does not include all the weapons systems and associated costs of operating the boats. Over their operating lives, they will cost more than $100-billion when maintenance, parts and upgrades are included.<\/p>\n

At the June, 2025, NATO leaders\u2019 summit, the Prime Minister pledged that Canada will spend as much as $150-billion annually<\/a> on defence within a decade \u2013 equivalent to 5 per cent of the country\u2019s gross domestic product.<\/p>\n

By comparison, the federal budget for defence-related spending this fiscal year is about $63-billion, or 2 per cent of GDP.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Prime Minister Mark Carney attends the Asia-Pacific Economic Cooperation summit in Gyeongju, South…\n","protected":false},"author":2,"featured_media":254919,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,44,714],"class_list":{"0":"post-254918","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-ca","9":"tag-canada","10":"tag-news","11":"tag-politics"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/254918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=254918"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/254918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/254919"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=254918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=254918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=254918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}