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Canada’s budget plan aims to strengthen the domestic economy and open new markets, as Ottawa seeks to reduce reliance on the United States. Prime Minister Mark Carney said relations with the U.S. have been permanently altered, according to The Straits Times.
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The United States and Canada are closely linked through trade, so efforts to redirect Canadian business toward other markets could affect U.S. exporters and cross-border supply chains. The supplied reports do not detail specific budget measures or estimate their effects.