Six takeaways from Canada's federal budget

From tariff cushions to space launches to Eurovision, Prime Minister Carney’s first budget aims to protect Canada while looking beyond the US.

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The ambitious plan, seen as a key test of the new leader and former central banker, is as much a political document as a spending blueprint.

It warns that Canada is in an era of "significant change" not seen since the fall of the Berlin Wall, which is underscored by its rapidly shifting relationship with the US, once the country's closest ally.

"There's some headwinds on the horizon," Finance Minister François-Philippe Champagne told reporters in Ottawa on Tuesday. "That's why we need a strong response."

Here are six takeaways from the spending plan.