Prime Minister Mark Carney is enacting a cross-departmental review of all regulations starting Wednesday, a measure he promised during the federal election campaign.

President Donald Trumpramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners.

Mr Trump’s spokesperson, Karoline Leavitt, bolstered his reputation as an ungracious winner after Mr Carney’s concession. “It’s very simple: Prime Minister Carney and Canada caved to President Trump and the United States of America.”

New poll reveals a shift in Canadian politics. Mark Carney's Liberal Party gains popularity. Pierre Poilievre's Conservatives trail behind. The NDP remains at a lower support level. Voters are realigning after the recent election.

The C.D. Howe Institute, a Toronto-based think tank, said last week that based on Carney’s spending commitments and the Bank of Canada’s economic outlook, Canada could post average annual budget deficits of 86 billion Canadian dollars, or the equivalent of $63 billion, over a four-year time period.

During the campaign, Prime Minister Mark Carney promised a re-elected Liberal government would solve a number of problems by Canada Day. Here is a look at the pledges Carney made, how he has done in addressing them and what comes next.