<p>Mark Magnacca and co-host Rob Brant analyse Canada's Prime Minister Mark Carney's first federal budget hours after delivery, focusing on Indigenous-specific provisions and infrastructure investment opportunities for UK and continental European investors.</p><p>Rob details three critical Indigenous economy initiatives: legislation enabling First Nations Finance Authority to lend directly to special purpose vehicles, building on their recent $500 million bond raise; pilot bonding programmes helping Indigenous contractors access defence procurement despite Indian Act collateral barriers; and mechanisms allowing First Nations to monetize transfer payments for capital investments.</p><p>The budget positions Canada to attract a trillion dollars in private capital over five years through doubling non-US exports, establishing a Critical Minerals Sovereign Wealth Fund, increasing defence spending substantially, and embedding Indigenous Advisory Council oversight in the Major Projects Office.</p><p>For institutional investors seeking practical intelligence on Canadian project finance and Indigenous partnership structures, this episode provides essential analysis connecting budget policy to actual deal flow. Subscribe to Drumbeats for continuing coverage as Carney's provisions translate into investable opportunities across Canadian sectors.</p><p>Links:</p><p>The Globe and Mail</p><p><a target="_blank" rel="noopener noreferrer nofollow" href="https://www.theglobeandmail.com/politics/article-carney-federal-buget-2025-deficit/">https://www.theglobeandmail.com/politics/article-carney-federal-buget-2025-deficit/</a></p><p>Andrew Coyne</p><p><a target="_blank" rel="noopener noreferrer nofollow" href="https://www.theglobeandmail.com/canada/video-opinion-andrew-coyne-says-carneys-budget-misses-the-mark/">https://www.theglobeandmail.com/canada/video-opinion-andrew-coyne-says-carneys-budget-misses-the-mark/</a></p><p>Shannon Proudfoot</p><p><a target="_blank" rel="noopener noreferrer nofollow" href="https://www.theglobeandmail.com/politics/opinion/article-federal-budget-2025-carney-manifesto-of-no/">https://www.theglobeandmail.com/politics/opinion/article-federal-budget-2025-carney-manifesto-of-no/</a></p><p>Campbell Clark</p><p><a target="_blank" rel="noopener noreferrer nofollow" href="https://www.theglobeandmail.com/politics/opinion/article-federal-budget-2025-carney-liberals-didnt-meet-expectations/">https://www.theglobeandmail.com/politics/opinion/article-federal-budget-2025-carney-liberals-didnt-meet-expectations/</a></p><p>Adam Radwanski</p><p><a target="_blank" rel="noopener noreferrer nofollow" href="https://www.theglobeandmail.com/business/article-carney-federal-budget-2025-climate/">https://www.theglobeandmail.com/business/article-carney-federal-budget-2025-climate/</a></p><p>Financial Times</p><p><a target="_blank" rel="noopener noreferrer nofollow" href="https://www.ft.com/content/f67f453c-ff20-4991-9df4-7bfeb9cefacf">https://www.ft.com/content/f67f453c-ff20-4991-9df4-7bfeb9cefacf</a></p><p>The Wall Street Journal</p><p><a target="_blank" rel="noopener noreferrer nofollow" href="https://www.wsj.com/economy/canada-delivers-targeted-spending-public-sector-job-cuts-to-jolt-economy-98a3a10a">https://www.wsj.com/economy/canada-delivers-targeted-spending-public-sector-job-cuts-to-jolt-economy-98a3a10a</a></p><p></p>