Canada's next budget to be unveiled this week amid U.S. trade war, economic uncertainty

This article is new today!

Source: CBC Politics
Date: 2026-11-02 09:00:00.0
Tags: [National, Economy, Taxation, Finance, Trade, Infrastructure, Defence, Housing, Culture]

Prime Minister Mark Carney's upcoming federal budget, set to be unveiled by Finance Minister François-Philippe Champagne under the title "Masters of Our Destiny" ("Maîtres Chez Nous"), will focus on affordability measures, business tax incentives, and strategic investments in infrastructure, defence, and culture. The fiscal plan addresses ongoing economic uncertainty and a U.S. trade war while factoring in a Parliamentary Budget Office projection that public debt charges will reach $83 billion by 2030-31. Stakeholders such as the Canadian Federation of Independent Business and the Council of Canadian Innovators are pressing for targeted tax relief, including reductions to small business corporate tax rates and technology sector capital gains incentives. Meanwhile, economists note that housing delivery under the Build Canada Homes initiative remains behind targets, with only about 2,000 of 19,000 committed affordable units currently under construction.

40 homes a year, 40 full-time staff, Arviat housing factory opens to fanfare

Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-16 10:00:00.0
Tags: [National, Housing, Indigenous, Infrastructure, Labour, Economy]

Sakku Innovative Building Solutions—the development arm of the Kivalliq Inuit Association (KIA)—has officially opened Nunavut's first Inuit-owned modular housing factory in Arviat, following a 40 per cent cost increase to a total project price tag of $70 million. Operating year-round, the facility is designed to produce 40 homes annually specifically for northern climates, beginning with an initial project of nine three-bedroom homes for Arviat by spring. The factory currently employs 15 full-time staff, 14 of whom are Inuit, and will scale up to 40 full-time employees while providing local training in carpentry, plumbing, and electrical work to address severe territorial housing shortages and overcrowding.