OTTAWA - Prime Minister Mark Carney is set to deliver a speech today addressing the difficult decisions his Liberal government must make for its first federal budget. The speech will take place in front of university students, a demographic that may be significantly impacted by the budget's outcomes for years to come.

The government has indicated that the budget, scheduled for release on November 4, will incorporate measures for spending restraint alongside new investments in key initiatives. Carney is expected to outline the rationale behind the government's fiscal strategy and clarify its commitments to Canadians as the budget plan takes shape.

This budget comes at a time of considerable economic uncertainty, largely influenced by tariffs imposed by the United States. In addition to his speech, Carney is preparing to attend economic summits in Asia later this week, which will occur just days before the budget is unveiled. The Prime Minister's remarks are anticipated to provide insight into how the government plans to navigate these challenges while addressing the needs of the population.