Canada elections 2025: Mark Carney's Liberals outline $130 billion spending on defence, housing, tax cuts

Prime Minister Mark Carney unveiled the Liberal Party's election platform, promising to "spend less, invest more" to strengthen Canada. The platform outlines nearly $130 billion in new spending over four years, focusing on defence, housing, and tax cuts. While projecting a declining deficit-to-GDP ratio, the plan anticipates revenue from Canadian-imposed counter-tariffs on the United States.