Budget’s impact on Canadian economy will depend on ‘execution’: Macklem

Canada, seeking tighter ties with the European Union, will boost its investment in European Space Agency programs by $528.5-million, a tenfold increase compared to previous contributions, a top cabinet member said on Tuesday.Canadian Prime Minister Mark Carney, who won an April election on the back of a promise to diversify the economy in the face of U.S. tariffs, is pressing for tighter defence and security relations with the EU.