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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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Ottawa gives defence buying agency more muscle — and more independence
Source: CBC Politics
Date: 2026-10-06 21:31:19.0
Tags: [National, Defence, Governance, Economy, Infrastructure]The federal government tabled Bill C-40 in the House of Commons to transform the Defence Investment Agency from an entity within Public Services and Procurement Canada into an independent Crown corporation with its own board, CEO, and permanent structure. The newly structured agency will report to an associate minister of defence and is empowered to negotiate complex procurement contracts, engage in defence production, and invest in strategic industries to accelerate military purchases. Secretary of State for Defence Procurement Stephen Fuhr and Defence Minister David McGuinty stated the changes are designed to handle an expected historic defence spending surge projected by the Parliamentary Budget Office to reach over $163 billion annually by 2035. Critics, including federal Conservative defence critic James Bezan and Carleton University defence expert Philippe Lagassé, raised concerns that the arm's-length structure could obscure parliamentary accountability and lead to institutional finger-pointing regarding procurement decisions.
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Carney government to study new major projects bill with tool last used in Harper era
Source: CBC Politics
Date: 2026-09-25 20:34:29.0
Tags: [National, Infrastructure, Economy, Labour, Governance, Indigenous]The federal government led by Prime Minister Mark Carney introduced Bill C-39, a 244-page omnibus bill titled the Building Canada Strong Act designed to fast-track major economic development projects and address labour disruptions across 24 different acts and regulations. Government House leader Steven MacKinnon announced that the bill will be referred to a specialized "legislative committee"—a parliamentary mechanism last used by the federal government under Prime Minister Stephen Harper in 2012 for Bill C-11. The legislation has drawn criticism from organized labour, environmental groups, and the Assembly of First Nations over proposed alterations to consultation practices, impact assessments, and the Canada Labour Code. While opposition parties intend to scrutinize the bill and propose amendments in committee, the governing Liberals hold a majority to pass the legislation in the House of Commons.
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Facing criticism, Carney says he has a 'very clear mandate' to push through major economic changes
Source: CBC Politics
Date: 2026-09-22 22:42:07.0
Tags: [National, Economy, Labour, Infrastructure, Governance]Prime Minister Mark Carney's government has tabled Bill C-39, a 246-page omnibus bill entitled the Building Canada Strong Act, which establishes a strict one-year timeline for federal project reviews managed through the Major Projects Office. The legislation amends Section 107 of the Canada Labour Code to explicitly empower the labour minister to direct an end to work stoppages in federally regulated workplaces if the action adversely affects the national interest. The provisions have drawn strong criticism from organized labour groups, including the Canadian Labour Congress led by Bea Bruske and the NDP led by Avi Lewis, who argue the wording threatens the constitutional right to strike, while industry associations such as the Business Council of Alberta praised the measures for cutting red tape and ensuring supply chain stability.
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A consequential fall begins with familiar concerns and a new test for the Carney government
Source: CBC Politics
Date: 2026-09-21 22:49:01.0
Tags: [National, Economy, Trade, Labour, Infrastructure, Governance]Prime Minister Mark Carney's government convened the House of Commons for the fall 2026 legislative sitting, highlighting the newly tabled 243-page Bill C-39, titled the Building Canada Strong Act. Transport Minister Steven MacKinnon described the legislation as the government's most significant economic bill to date, encompassing major adjustments to environmental regulations, impact assessments, and labour laws, including provisions altering the Canada Labour Code. The omnibus legislation drew immediate criticism from opposition parties and labour representatives, who alleged the measures threaten the right to strike and weaken accountability in collective bargaining. Concurrently, the Official Opposition, led by Conservative Leader Pierre Poilievre, challenged the government's economic record and handling of cost-of-living pressures during Question Period, while the Carney administration continued navigating ongoing trade tensions and international economic adjustments.
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C-39 (45-1) - Building Canada Strong Act
Source: Parliament of Canada (LEGISinfo)
Date: 2026-09-21 15:17:00.0
Tags: [National, Economy, Infrastructure, Transportation, Governance]Bill C-39, titled the Building Canada Strong Act during the 45th Parliament (1st Session), was introduced and read for the first time in the House of Commons on September 21, 2026. Sponsored by the Minister of Transport and Leader of the Government in the House of Commons, the House Government Bill is designed to enact measures aimed at strengthening the Canadian economy. Currently, the legislation is at the second reading stage in the House of Commons, with no recorded votes, major speeches, or legislative summaries published by the Library of Parliament thus far.
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Carney rallies Liberal MPs as 'crucial session' of Parliament set to resume
Source: CBC Politics
Date: 2026-09-18 21:18:23.0
Tags: [National, Infrastructure, Economy, Technology, Governance, Social Services]Prime Minister Mark Carney rallied the Liberal caucus ahead of the fall session of the House of Commons, announcing forthcoming legislation including the Building Canada Strong Act to streamline major project reviews to a "one project, one review, one year" standard. The federal government also plans to introduce social media and AI regulation legislation targeting online harms, cyberbullying, and child exploitation by tech companies. Additionally, an upcoming fall federal budget will outline fiscal plans to manage spending, optimize the balance sheet, and expand social programs such as child care.
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