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C-31 (45-1) - Budget 2025 Implementation Act, No. 2
Source: Parliament of Canada (LEGISinfo)
Date: 2026-10-30 12:26:14.0
Tags: [National, Finance, Taxation, Economy, Governance]Bill C-31 (45th Parliament, 1st Session), titled the Budget 2025 Implementation Act, No. 2 and sponsored by Minister of Finance and National Revenue, has advanced to the report stage in the House of Commons following committee review by the Standing Committee on Finance, which presented its report with amendments on October 30, 2026. The legislation implements provisions stemming from the federal budget tabled on November 4, 2025, and the 2026 Spring Economic Update titled 'Canada Strong For All'. The Senate has concurrently authorized pre-study of the bill's subject matter across multiple standing committees, including the Standing Senate Committee on National Finance and specialized sectoral committees assigned to specific divisions of Part 4 of the bill.
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Crown Sector 2025-26 Payee Disclosure Report Released
Source: Saskatchewan - Government News
Date: 2026-10-29 22:00:00.0
Tags: [Saskatchewan, Finance, Governance, Economy, Indigenous]The Crown Investments Corporation (CIC) tabled the Crown sector's 2025-26 Payee Disclosure Report with The Standing Committee on Crown and Central Agencies, detailing sector payments between April 1, 2025, and March 31, 2026. CIC provided $68 million in dividends to Saskatchewan's General Revenue Fund, while total Crown procurement reached $2.1 billion, including $1.5 billion awarded to Saskatchewan suppliers and $152 million to Indigenous suppliers. Crown corporations employed over 11,000 people with total remuneration of just over $1.3 billion, and contributed over $35 million in grants, donations, and sponsorships to organizations like STARS air ambulance and the sector-wide Indigenous Bursary Program. The report lists ministerial and board expenses, supplier payments over $50,000, employee remuneration exceeding $50,000, and grants greater than $5,000 in accordance with Standing Committee guidelines.
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Budget 2026 title and theme focus on Canada’s sovereignty, minister reveals
Source: Global News Politics
Date: 2026-10-29 15:00:05.0
Tags: [National, Finance, Economy, Trade, Seniors, Governance]National Revenue Minister François-Philippe Champagne announced that the federal government will table Budget 2026 on November 5, 2026, under the title and theme "MASTERS OF OUR DESTINY: BUDGET 2026" (inspired by Jean Lesage's 1962 Quebec slogan "Maîtres chez nous"). Prime Minister Mark Carney's government designed the upcoming budget to address a period of profound change and uncertainty involving redefined trade relationships, U.S. tariffs, trade tensions, and geopolitical conflicts threatening Canadian sovereignty and economic resilience.
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Carney government has no launch date planned for proposed sovereign wealth fund
Source: CBC Politics
Date: 2026-10-21 08:00:00.0
Tags: [National, Economy, Finance, Infrastructure, Industry, Governance]Nearly six months after Prime Minister Mark Carney announced plans to create the Canada Strong Fund—a proposed national sovereign wealth fund backed by $25 billion in seed funding over three years—the federal government has yet to establish a launch date or finalize its operational details. Administered as an arm's-length Crown corporation, the fund is intended to invest domestically in energy, infrastructure, agriculture, and technology alongside private investors, while introducing a retail investment product for ordinary Canadians. Finance Minister François-Philippe Champagne's office indicated that a significant update, including leadership announcements and mandate reviews to prevent overlap with existing entities like the Canada Growth Fund and Canada Infrastructure Bank, will be provided in the upcoming fall budget.
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Liberal government to table budget on Nov. 5
Source: CBC Politics
Date: 2026-10-20 18:50:43.0
Tags: [National, Economy, Finance, Trade, Governance]Federal Finance Minister François-Philippe Champagne announced that the Liberal government under Prime Minister Mark Carney will table its federal budget on November 5, marking the second consecutive fall fiscal plan. The upcoming budget follows a spring economic update that projected a $65-billion deficit for the current fiscal year and comes amid a revised Parliamentary Budget Office outlook forecasting real GDP growth of 0.9 per cent for the year and a budgetary deficit peaking at $70.2 billion in 2027-28. The economic landscape is further defined by collapse in Canada-U.S. trade talks, reciprocal tariff implementations, and an annual inflation rate rising to 3.1 per cent in September primarily driven by fuel prices.
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Feds agree to more than double Yukon gov’t borrowing limit to $3B
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-19 19:29:03.0
Tags: [National, Finance, Governance, Economy]The federal government has agreed via an order-in-council dated October 9 to more than double the Yukon government's borrowing limit from $1.2 billion to $3 billion. The territory's previous debt cap was nearing its limit, with the territorial budget estimating the Yukon was only about $32 million away from the threshold. Yukon Premier and Finance Minister Currie Dixon had previously stated he would consider resigning if his government breached its debt limit.
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Quebec residents head to the polls in provincial election
Source: Global News Politics
Date: 2026-10-05 10:00:17.0
Tags: [Quebec, Governance, Economy, Finance, Immigration]Quebec residents headed to the polls for a provincial election following a 39-day campaign featuring five main parties: the separatist Parti Québécois (PQ) led by Paul St-Pierre Plamondon, the Coalition Avenir Québec (CAQ) led by Christine Fréchette, the Quebec Liberal Party led by Charles Milliard, the Conservative Party of Quebec led by Éric Duhaime, and Québec Solidaire led by Ruba Ghazal. Polling by Leger showed the PQ leading at 29 per cent with a 16-percentage point advantage among francophone voters, while the province's deficit sat at $7.2 billion for the previous fiscal year. The campaign highlighted key issues including a proposed PQ separation referendum by 2029, provincial fiscal management, immigration, language policy, and economic uncertainty tied to the United States.
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Internal documents detail Ottawa's economic worries over Alberta referendum
Source: CBC Politics
Date: 2026-10-03 08:00:00.0
Tags: [National, Alberta, Economy, Finance, Energy, Governance]Internal documents from Finance Canada and the Justice Department dated June 2026 reveal federal concerns regarding potential economic impacts from Alberta's October 19 separation referendum, including an estimated $18-billion fiscal shock, corporate head office flight, and potential population outflows. The briefing notes highlight that Alberta accounts for 15 per cent of Canada's national GDP, contributes an average of $18 billion annually in net fiscal transfers between 2022 and 2024, and represents 31 per cent of Canada's exports. Furthermore, federal officials warn that existing federal pension legislation governing the Canada Pension Plan contains flawed language and payout formulas that would likely require Supreme Court interpretation if Alberta attempted to withdraw its assets.
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Opposition waiting for 'realistic plan' from province to address P.E.I.'s rising deficit, debt
Source: Prince Edward Island - Regional News
Date: 2026-09-30 13:00:00.0
Tags: [Prince Edward Island, Finance, Economy, Governance]Prince Edward Island's projected deficit for the fiscal year climbed by $30.5 million to reach $440.4 million, driven by pressures in healthcare, rising fuel costs, and capital infrastructure needs. In response to mounting debt concerns, opposition parties including Liberal MLA Carolyn Simpson and Green MLA Tayte Willows are demanding a realistic financial recovery plan ahead of the province's fall capital budget. The government has introduced measures such as the Comprehensive Expenditure Review Targets aiming to cut spending by roughly 10 percent over two years, a cabinet committee on fiscal responsibility, and the upcoming onboarding of an internal auditor in January to oversee departmental spending.
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Carney government is inconsistent in how it labels spending, budget watchdog says
Source: CBC Politics
Date: 2026-09-24 16:39:13.0
Tags: [National, Finance, Economy, Governance, Agriculture]The Office of the Parliamentary Budget Officer, led by Annette Ryan, released a report criticizing the federal Liberal government under Prime Minister Mark Carney for having inconsistent and contradictory definitions of spending within its new budget framework. The framework separates day-to-day operating expenses from capital investment measures, but lacks the stringent definitions used in jurisdictions like the United Kingdom, leading to discrepancies such as two similar Agriculture and Agri-Food Canada programs for farm equipment being classified differently. While Finance Minister François-Philippe Champagne's office maintains that the government will balance its operating budget next year, the Parliamentary Budget Office projects that Ottawa will reach this fiscal anchor two years later.
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'Momentous decision': Alberta separation could cost up to $170 billion, says U of C report
Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-09-16 17:30:44.0
Tags: [Alberta, Economy, Finance, Governance, Taxation, Trade]A government-commissioned report from the University of Calgary School of Public Policy estimates that establishing an independent Alberta would cost between $50 billion and $170 billion in the first five years following separation. Under a 'smooth' secession scenario, the report projects Alberta would add nearly $210 billion in debt—largely from its share of Canada's national debt—along with short-term GDP contraction and initial per-capita tax increases of over $800. Under a 'difficult' scenario involving adversarial negotiations, Alberta's total debt could approach $442 billion (making up nearly 90 per cent of its GDP) with per-capita wage losses reaching $5,500 and short-term tax increases of $5,400 over the first five years. The findings precede an October 19 vote regarding whether the province should further pursue separation, as overseen by Finance Minister Jason Nixon's office and a five-member advisory panel.
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Cost of Alberta separation could be up to $170B: report
Source: Global News Politics
Date: 2026-09-16 16:29:14.0
Tags: [Alberta, Economy, Finance, Governance]An independent report commissioned by the Alberta government and conducted by the University of Calgary's School of Public Policy estimates that the cost for Alberta to separate from Canada could range from $50 billion up to $170 billion in the first five years. The report evaluates two scenarios, outlining that a "difficult" separation path could result in a 10.1 percent loss in GDP, a drop in employment by 10 percent, and a provincial debt reaching $442.3 billion within five years. Conversely, a "smooth" negotiation path would involve lower transition costs and maintain trade market access, though the long-term benefits remain uncertain.
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Conservatives want the Liberals to release the rejected U.S. trade deal. Should they?
Source: CBC Politics
Date: 2026-08-27 15:10:27.0
Tags: [National, Trade, Economy, Finance, Governance]Following the collapse of trade negotiations that led the United States to impose 50 per cent tariffs on hundreds of Canadian imports, Conservative Leader Pierre Poilievre and Bloc Québécois Leader Yves-François Blanchet called on Prime Minister Mark Carney's federal government to release the rejected draft text of the trade agreement. Finance Minister François-Philippe Champagne defended the government's approach by noting that key details had been publicly reported and that the negotiations were extensively advertised. Meanwhile, trade and policy experts offered contrasting views, with Lawrence Herman of the C.D. Howe Institute arguing that releasing the text would compromise future negotiation positions, while Carlo Dade of the University of Calgary contended that transparency is necessary to preserve national unity against potential U.S. divide-and-conquer tactics under Section 338 of the U.S. Tariff Act.
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