Canada's Budget Shifts Focus to Trade, Proposes Merging Diplomatic Missions

Canadas budget under Mark Carney prioritizes trade by cutting Global Affairs Canadas funding, proposing to merge diplomatic missions, and reallocating $2.7 billion from foreign aid.

• The budget presented by the Minister of Finance (Canada), Mark Carney, redirects funds from Global Affairs Canada, proposing a $2.7 billion cut to foreign aid.
• Canada plans to streamline its diplomatic missions by merging embassies with like-minded countries, emphasizing a shift towards increasing exports to priority economies.
• Ottawas new international strategy focuses on advocacy, security, and development, reflecting a significant policy shift under the Liberal Party of Canada amidst changing global trade dynamics.