Today's News: Prime Minister Carney's speech - "fortune favours the bold"

On Wednesday night, Carney spoke to the country about what the upcoming Liberal budget will highlight. 

His speech didn't have a lengthy list of specifics but it set out a framework for Canada's future - that its not going to be easy, but we should have confidence that we can maintain what is important in Canada.

Mark Carney has again said Canadians will have to sacrifice to execute his vision to make Canada less dependent on the US, promising to double Canadian non-U.S. exports in the next decade

Here's a wrap on the budget preview speech + what new spending & cuts are to come #cdnpoli pic.twitter.com/RqM4swJ5Ke

— Mackenzie Gray (@Gray_Mackenzie) October 23, 2025

Here are the initiatives and policies he noted:

✅ Dental ✅ School Food ✅ New Immigration ✅ International Talent ✅ Automatic low income tax benefits ✅ Large Infrastructure Projects ✅ Climate Competitiveness ✅ Housing ✅ Defence ✅ Double non-US exports “Now is not the time to be cautious because fortune favours the bold.”

— Vanelle 🦋🇨🇦 🎹🎤 & democracy defender (@vanellemusic.bsky.social) October 22, 2025 at 10:29 PM

But mainly he talked about the importance of staying the course.

“Our goal is not just to do reasonably well but to grow stronger than the rest of the G7. And as we work to do so, I want to make this promise to Canadians: I will always be straight about the challenges that we face and the choices that we must make,” says PM Carney. ⬇️Watch full pre-budget speech

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— CPAC TV (@cpac.ca) October 22, 2025 at 6:19 PM

Carney: But this decades-long process of an ever-closer economic relationship with the United States is now over. And as a consequence, many of our former strengths as a country—more particularly, our economic strengths based on close ties to America—have now become our vulnerabilities…

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— Acyn (@acyn.bsky.social) October 22, 2025 at 9:31 PM

ELBOWS UP!!! WE KNEW THINGS WOULD GET WORSE!! THAT'S WHY CARNEY IS ON THE JOB NOT THE-GUY-WHO-TOOK-10YRS-TO-GET- HIS-BATCHELORS-DEGREE- IN-ARTS-&-CRAFTS 💪🇨🇦✊️ WE GOT THIS #CANADA #cdnpoli

— GigiB🇨🇦🪶🧡💛🤍🖤🇵🇪 (@gigibu.bsky.social) October 22, 2025 at 10:08 PM

The other thing we're starting to hear is media chatter about whether Carney might call a snap election in November or whether the government would fall if the Liberal budget doesn't get enough votes. 

I think Scrimshaw explains the political realities very well:
Evan Scrimshaw / Scrimshaw Unscripted

Do The Liberals Want An Election?
Questions To Which The Answer Is No
The Liberals don’t want an election.
The Liberals don’t fear an election.
And those are not the same things...
... the idea that this budget will be anything other than what the country was promised and what they voted for is ludicrous.
The reason I’ve focused on the Opposition in explaining why the budget will have to pass is because nobody actually wants or can afford an election. The Opposition have to pretend they can if they want any amount of leverage, but the Liberals feel no need to do anything extreme or severe to meet that for a reason - they’re fine either way. And because they’re fine, they’re not going to offer the kitchen sink in an effort to keep this Parliament alive...
The polls right now are bland for the government, but an unnecessary fall election forced on Canadians by the Opposition will end in a Liberal majority. And everybody with a brain knows it, which is why this budget will pass. The government doesn’t want an election, but they’re not scared of one. And everybody else should be.

And Cole Bennett notes this "interesting wrinkle"

...In a minority Parliament, it’s the government’s responsibility to negotiate and earn the support of at least one other party to pass key legislation. That’s the essence of a minority system — compromise, cooperation, and accountability.
But there’s an interesting wrinkle this time.
There are currently 343 seats in the House of Commons. To pass any legislation outright, a majority requires 172 votes. The Liberals currently hold 169 seats, leaving them just three votes short of the threshold.
On paper, that looks like a problem. But in reality, they might not need all 172 votes — because what matters is the number of MPs present and voting.
If some opposition MPs abstain or simply don’t show up for the budget vote, the total number of votes cast goes down, and the number required for a majority falls with it. In other words, the Liberals could pass their budget even without formal support from another party, as long as the opposition doesn’t actively vote it down.
This would allow opposition parties to signal their disapproval without actually toppling the government. It’s a political tightrope: criticize the budget, but avoid an unwanted election.
There’s little appetite for another national campaign....

Remember, Canada - stay petty!

stay petty elbows up buy Canadian youtube.com/shorts/MRtcX...

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— wheelyweb (@wheelyweb.bsky.social) October 22, 2025 at 8:28 PM