08-07-2025
Carney ministers told to cut billions from federal spending
Mark Carney promised during the recent election campaign — as the new administration looks for fiscal room after pledging huge sums to the Canadian military while promising to keep expenses under control.
The bigger-than-expected drive to reduce spending was billed as 'ambitious' in a letter sent to all cabinet members Monday by Finance Minister François-Phillippe Champagne and Treasury Board President Shafqat Ali.
