I’ve had the opportunity to dig into our new government’s Spring Economic Update, and if there’s one thing it makes clear, it’s this: while the world is rapidly changing and increasingly fragmented and challenging, our government is focused on what we can control.

That means building a stronger, more independent, and more resilient economy here at home.

And it means moving with speed and ambition to diversify Canada’s trade, build major infrastructure, homes, and industry, and support Canadians by making life more affordable, building Canada strong for all.

Our plan also provides a clear update on Canada’s finances, giving Canadians certainty and confidence in our future, and it drives forward our core missions:

  • Build the major infrastructure that transforms and connects our economy
  • Empower Canadians by lowering costs on everyday essentials to help you get ahead
  • Protect our communities, our sovereignty, our borders, and our way of life

Here are the key measures from the update:

The Canada Strong Fund

Canada’s first national sovereign wealth fund. This will invest in key, strategic Canadian projects and companies – and give Canadians a direct stake in building Canada strong.

Team Canada Strong

A new nationwide effort to recruit, train, and hire up to 100,000 new skilled trade workers by 2030-31. This initiative creates new opportunities for Canadians and attracts the workers needed to build more homes and major projects at speed and at scale.

Pausing Fuel Excise Tax

Until Labour Day, saving Canadians up to 10 cents/L on gasoline and 4 cents/L on diesel.

Canada Groceries and Essentials Benefit

Providing support to over 12 million Canadians to purchase groceries and essentials (payments beginning June 5).

Major Projects Office

21 nation-building initiatives that will connect, diversify, and propel our economy, supporting 60,000 jobs during construction and over $125 billion in new investment.

Funding/Maintaining Small Craft Harbours

To protect the livelihood of coastal communities across the country.

Canada Investment Summit

Convening the world’s largest investors, including top CEOs, entrepreneurs, and prominent global business leaders, focusing on attracting new investment into Canada to advance nation-building projects, create new career opportunities for Canadians, and grow our economy.

Auto Strategy

Rewarding the production of made-in-Canada vehicles and harnessing our world-class capabilities in artificial intelligence and technology expertise to build the cars of the future, positioning Canada to become a global leader in electric vehicle (EV) production.

Financial Crimes Agency & National Anti-Fraud Strategy

Standing up a best-in-class agency to combat financial crimes and protect Canadians.

Reducing Development Charges & Providing Targeted GST Relief for Homebuyers

To lower the cost of housing and make it easier for Canadians to purchase a home.

At the end of the day, this is about building a Canada that is strong, fair, and built for everyone.

A Canada where people can find opportunity, afford their lives, and feel confident about the future.

Learn more:
https://budget.canada.ca/update…/2026/home-accueil-en.html