Prime Minister Mark Carney’s government unveiled a blueprint Tuesday to counter rising U.S. protectionism and bolster a sluggish economy through tax incentives to spur corporate investment, targeted federal spending and cuts to the public service.

Mr. Carney’s first budget, presented to the House of Commons by Finance Minister François-Philippe Champagne, lays out new spending of more than $140-billion over five years, but after factoring in $56-billion in savings from cuts to the public service and program spending, net new spending is $89.7-billion over five years. Mr. Champagne said the budget could spur $1-trillion of investment.

The BC General Employees’ Union announced Sunday a tentative deal with the provincial government to end a strike that has disrupted services across the province for the last eight weeks.

Some 25,000 workers have been on strike since early September, with escalating job action slowing or shuttering everything from student aid delivery to liquor distribution.