Friday, October 3, 2025
NewsWave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
No Result
View All Result
Login
NewsWave
No Result
View All Result
Home World Canada

Finance minister directs cabinet colleagues to find billions in spending cuts

7 July 2025
in Canada
0
Finance minister directs cabinet colleagues to find billions in spending cuts
Share on FacebookShare on Twitter


Finance Minister François-Philippe Champagne has instructed cabinet members to identify billions in spending cuts, aiming for a 7.5% reduction in the 2026–27 fiscal year, increasing to 15% by 2028–29, while ensuring no cuts to provincial transfers or social programs. This initiative, part of a long-term government transformation led by the Department of Finance, seeks to optimize operations amid rising federal deficits.

Explain It To Me Like I’m 5: Finance Minister François-Philippe Champagne announced plans for significant budget cuts over the next few years to reduce government spending, while ensuring essential services and transfers to provinces remain unaffected.

Want More Context? 🔎

🪄 Creating a simple explanation...

Tags: billionsCabinetcolleaguescutsdirectsfinancefindMinisterSpending
Previous Post

Trump unveils first wave of steeper US tariffs in push for deals

Next Post

Terrifying moment war zone-like mass shooting leaves three dead in Philadelphia

Related Posts

Online Sextortion Targets Young Boys  
Sextorters Showcase Profits from Scams
Canada

Online Sextortion Targets Young Boys Sextorters Showcase Profits from Scams

by My News Wave
3 October 2025
0

A network of overseas scammers is targeting teens through a scheme called sextortion, leading to blackmail and, in some tragic cases, suicide shortly after victims are ensnared. CBC's Marketplace investigated this issue by creating fake social media profiles, which quickly attracted attention from accounts soliciting explicit images. Want More Context? 🔎

Read more
U.S. Defense Shift Presents New Challenges for Canada
Canada

U.S. Defense Shift Presents New Challenges for Canada

by My News Wave
3 October 2025
0

The U.S. administration plans to release its National Defense Strategy, emphasizing homeland and North American defense while inviting Canada to consider statehood for enhanced protection. Analysts suggest this shift indicates a return to a hemispheric defense strategy, with a focus on addressing threats from Latin America and heightened cooperation in the Arctic amid Russian and Chinese activities. Want More Context? 🔎

Read more
Insurance Data on Increasing Wildfire Severity
Canada

Insurance Data on Increasing Wildfire Severity

by My News Wave
3 October 2025
0

Scientists analyzed 44 years of data to demonstrate the increasing frequency and severity of destructive wildfires globally, attributing this trend to climate change. These wildfires not only pose significant risks to human life but also result in substantial economic losses. Want More Context? 🔎

Read more
Increase in Odour Complaints in East Vancouver
Canada

Increase in Odour Complaints in East Vancouver

by My News Wave
3 October 2025
0

Metro Vancouver has received numerous complaints this summer regarding a strong odour affecting parts of East Vancouver, particularly on hot days. This unpleasant smell has been traced to potential sources including a poultry slaughterhouse, seafood processors, and West Coast Reduction Ltd., a large rendering facility. Want More Context? 🔎

Read more
B.C. man sentenced to 28 months for alleyway rape
Canada

B.C. man sentenced to 28 months for alleyway rape

by My News Wave
2 October 2025
0

A B.C. man, Brendan William John Sullivan, was sentenced to 28 months in prison for the brutal rape of a 19-year-old woman outside a Chilliwack bar in October 2022. Despite his claimed remorse, the court emphasized the irreversible emotional and physical harm caused to the victim, who now suffers from ongoing trauma and health issues as a result of the attack. Want More Context? 🔎

Read more
Alberta to Increase Oil Exports to U.S. if Pipeline Not Prioritized
Canada

Alberta to Increase Oil Exports to U.S. if Pipeline Not Prioritized

by My News Wave
2 October 2025
0

Alberta Premier Danielle Smith warns that if Prime Minister Mark Carney does not include her proposed oil pipeline project on his list of nation-building initiatives by November 16, she will pursue alternative routes, including partnerships with U.S. companies. The proposal faces opposition from B.C. officials, while Saskatchewan’s Premier supports it, highlighting a significant provincial divide over energy infrastructure. Want More Context? 🔎

Read more
NewsWave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Kelpies Auctioned to Fundraise for Telethon at Perth Royal Show
  • Asahi Stock in Japan Nearing Depletion After Cyberattack
  • Five Serie A Teams Performing Poorly
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In