Prime Minister Mark Carney speaks to the media in Riga, Latvia, on Aug. 26, 2025. The Canadian Press/Christinne Muschi
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Prime Minister Mark Carney said his government will be reining in spending in the upcoming federal budget, citing concerns with the growth of government spending relative to Canada’s economic growth.
Carney told reporters ahead of a cabinet retreat on Sept. 3 that the federal government’s spending had been increasing by an average of 7 percent a year for more than a decade.
Matthew Horwood is a reporter based in Ottawa.
