Finance Minister François-Philippe Champagne introduced the 2025 federal budget on Tuesday. Here are some key highlights from the first federal budget under Prime Minister Mark Carney: AI and quantum computing The budget allots $334.3 million to strengthen Canada’s quantum ecosystem. The money will be provided through the Defence Industrial Strategy over a five-year time period. The emerging technology uses the principles of quantum mechanics for applications like computing. The budget also sets aside money to build large-scale sovereign public AI infrastructure. Indigenous cutbacks The Carney government is freezing its annual base funding for Indigenous health and social services, saying this amounts to a two per cent cut for the Indigenous Services department. The government tasked most government departments to come up with a 15 per cent cut. Crown-Indigenous Relations and…
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