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

    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.

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  • Strengthening value-added wood manufacturing on Vancouver Island

    Source: British Columbia - Government News
    Date: 2026-09-09 17:30:00.0
    Tags: [British Columbia, Economy, Industry, Resources, Housing, Trade]

    The Government of B.C. has committed up to $2 million through the BC Manufacturing Jobs Fund to support an expansion project by Ron Anderson & Sons Ltd. in Chemainus. The investment helps the wood-product manufacturer upgrade equipment, diversify its product line to include prefabricated floors, roof panels, and stairs, and create 35 new jobs by the time construction is completed in February 2027. This initiative forms part of the broader provincial Look West strategy and $153 million in total commitments across more than 150 manufacturing projects designed to boost regional supply chains and counteract U.S. tariffs.

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