Description
Over the past year, Canadians have navigated a rapidly changing and increasingly fragmented world. One that is more complex, more volatile and, for many, more costly and unpredictable.
In response, Canada’s new government continues to focus on what we can control—building a strong Canadian economy, diversifying our trade partners abroad, delivering responsible fiscal management, and supporting Canadians who are under pressure from everyday expenses—with a boost today and a bridge to a better tomorrow.
In Budget 2025, we outlined our plan to build Canada Strong. Since then, we have moved fast to:
- Build the major infrastructure, homes, and industries that grow our economy and create lasting prosperity.
- Empower Canadians with better careers, strong public services in both official languages, and a more affordable life.
- Protect our communities, our borders, and our way of life.
In our first budget, we made responsible choices to reduce spending to save Canadian taxpayers $60 billion over five years.
We are spending less on government operations so Canadians can invest more to build a brighter future for all. We have the right plan. We’re building big, we’re moving fast, and we’re just getting started. In the past year:
- 15 nation-building projects have been announced that will support over 60,000 jobs and drive over $125 billion in new investment.
- The government launched the $1.5 billion First and Last Mile Fund as part of the Critical Minerals Strategy, which will drive billions in further investments and position Canada as a secure supplier of choice.
- Catalysing half a trillion dollars of investment to build Canadian industry and creating over 125,000 new jobs through our new Defence Industrial Strategy.
- Building demand for Canadian products, driving changes in how we build homes, and committing support for thousands of new housing units to date through Build Canada Homes’ partnerships across the country.
- More than 12 million Canadians will have more money in their bank accounts starting in June—up to $1,890 this year for a family of four—through our new Canada Groceries and Essentials Benefit.
- 400,000 children have access to healthy meals, while their parents are saving $800 a year on groceries because we have made the National School Food Program permanent.
The Spring Economic Update 2026 is the next step in our plan to build a stronger, more independent, and resilient Canada for all. It advances our progress of building more affordable homes and the major infrastructure that transforms and connects our economy, while bringing down costs to help you get ahead.
We are providing a clear and transparent account of how Canada’s economy is performing in an increasingly uncertain world. This transparency is critical to lift the fog of uncertainty, help businesses seize new opportunities, and give families the confidence to plan for their future.
We are building a Canada that is not just strong, but good; not just prosperous, but fair. A Canada that is not just for some, most of the time, but for all, at all times.
We’re building Canada strong, for all.