Canada will cut the lowest personal income tax rate to 14% from 15% on July 1, but Prime Minister Mark Carney’s new government won’t release a budget before the summer months.

Prime Minister Mark Carney is promising his new Liberal government will act fast and prioritize economic growth in the face of Donald Trump’s trade war.

Carney said Canada is at the “start of an industrial transformation,” which Joly will help lead, drawing on her experiences dealing with Secretary of State Marco Rubio and other U.S. officials.

Canadian Prime Minister Mark Carney emphasised that the tax cut will help hard-working Canadians keep more of their paychecks, with savings of up to USD 840 per year for families.

Instead, the highly anticipated meeting Tuesday between President Donald Trump and his new Canadian counterpart Mark Carney fell somewhere in the middle: neither openly hostile nor outwardly chummy, evincing very little neighborliness, at least the type used on neighbors one likes.

The three-day gathering, hosted by the Canadian Chamber of Commerce, is the major table setter for the homestretch of Canada’s G7 presidency. Amb. Hoekstra will be there, along with diplomats and business leaders from across the G7.

Prime Minister Mark Carney said he’ll consider altering environmental regulations passed by his predecessor, Justin Trudeau, in order to facilitate investment in major projects in Canada, including oil and gas pipelines.

After Prime Minister Mark Carney explicitly said he supports building a pipeline if the consensus in Canada exists for one, members of his newly formed cabinet appear to have differing views on the issue.