Prime Minister Mark Carney makes a live address in advance of the 2025 budget, at the University of Ottawa on Oct. 22, 2025. The Canadian Press/Sean Kilpatrick
Prime Minister Mark Carney says while Canada’s economy is doing “reasonably well” and his government is working on diversifying the economy, there will be challenges ahead requiring sacrifice.
“We won’t transform our economy easily or in a few months. It will take some sacrifices, and it will take some time,” Carney said in a rare televised address related to the Nov. 4 budget, while speaking to University of Ottawa students on Oct. 22.
