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First Nations-first ministers' meeting brings funding announcements and mixed reviews
Source: CBC Politics
Date: 2026-10-26 22:37:54.0
Tags: [National, Indigenous, Finance, Infrastructure, Emergency, Governance]Prime Minister Mark Carney convened the first Indigenous-focused first ministers' meeting in over two decades in Ottawa alongside the Assembly of First Nations, led by National Chief Cindy Woodhouse Nepinak. Carney announced proposed federal funding ahead of the Nov. 5 budget, including more than $2.5 billion over five years for emergency preparedness in First Nations communities and more than $630 million over four years for First Nations and Inuit policing. Additionally, Carney committed to exploring the reform or abolition of the 1876 Indian Act and instructed his finance minister to collaborate with First Nations on new revenue-sharing mechanisms, such as a potential sovereign wealth fund.
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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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Immigration, high-speed rail and Bill 21: Where new PQ government could test Ottawa
Source: CBC Politics
Date: 2026-10-07 08:00:00.0
Tags: [National, Quebec, Immigration, Infrastructure, Transportation, Justice, Finance, Governance]Following the Parti Québécois' provincial election victory, Premier-designate Paul St-Pierre Plamondon faces key policy friction points with Prime Minister Mark Carney's federal government. The PQ intends to seek full provincial control over immigration to reduce permanent immigrants to 35,000 and halve temporary immigration quotas, oppose the federal high-speed rail project connecting Toronto to Quebec City via Montreal, and seek $4.4 billion in additional federal transfers. Additionally, the new government plans to challenge federal authority by taking steps to abolish the monarchy in Quebec and cut funding to the lieutenant-governor's office, while awaiting a crucial Supreme Court of Canada ruling on Bill 21.
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Renewing Joint Municipal Infrastructure Funding Supports a Strong Saskatchewan
Source: Saskatchewan - Government News
Date: 2026-10-06 21:00:00.0
Tags: [National, Saskatchewan, Municipal, Infrastructure, Finance, Governance]Saskatchewan Government Relations Minister Eric Schmalz, alongside municipal leaders from Regina, Saskatoon, Moose Jaw, Prince Albert, Swift Current, North Battleford, Yorkton, Weyburn, Lloydminster, SARM, SUMA, and New North, are traveling to Ottawa on October 6 and 7, 2026, to lobby federal leaders for greater flexibility in cost-shared infrastructure funding. The delegation is advocating for broader project scopes compared to current programs, referencing past initiatives like the Investing In Canada Infrastructure Program, which previously invested more than $2 billion across 460 municipal projects in the province. Discussions also encompass ongoing negotiations regarding the administration of the Provincial-Territorial stream of the Build Communities Strong Fund.
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Direct spending on Canadian military could reach more than $163B by 2035: budget watchdog
Source: CBC Politics
Date: 2026-10-06 15:54:33.0
Tags: [National, Defence, Finance, Infrastructure]Direct spending on the Canadian military could reach $163.6 billion by 2035 under the federal government's proposal to meet NATO's benchmark target of five per cent of GDP, according to a report by the Parliamentary Budget Office. The spending plan, which includes reaching a four per cent target by 2030 (2.5 per cent direct military spending and 1.5 per cent defence infrastructure), is projected to increase the budgetary deficit by $63.7 billion or 1.4 per cent of GDP due to federal accrual accounting methods. Parliamentary Budget Officer Annette Ryan highlighted risks regarding rapid procurement increases and whether Canada's industrial capacity can meet the demand.
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Premier to table fall capital budget as Yukon MLAs reconvene
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-05 11:00:00.0
Tags: [National, Finance, Governance, Infrastructure, Public Safety]Yukon Premier Currie Dixon is scheduled to table the fall capital budget, a fiscal and economic outlook, and a new firearms act as the Yukon Legislative Assembly begins its fall sitting on Monday. The Finance Department also announced an upcoming update regarding $100 million in previously voted contingency spending set aside for emergencies and unforeseen expenses. Meanwhile, funding for major health and energy infrastructure projects remains contingent on federal contributions.
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Yukon premier touts 'improved fiscal picture' in territory with budget update
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-05 11:00:00.0
Tags: [National, Finance, Economy, Infrastructure, Mining, Affordability]Yukon Premier and Finance Minister Currie Dixon tabled the Yukon Legislative Assembly's fall economic update and a partial capital plan for 2027, projecting a revised budget deficit of $53.7 million—down from the previously predicted $82 million. Forecasted revenues increased by $23.8 million due to higher federal transfers, taxes, and resource royalties, while projected expenditures dropped by $4.2 million, and net debt is now expected to reach $776.2 million by year-end. The 2027 capital spending plan allocates $138.8 million for the upcoming construction season, targeting projects such as the North Klondike Highway, the Shakwak corridor, the Whitehorse hospital expansion, and housing in Burwash Landing, Mayo, and Teslin. Simultaneously, the territory's economic update projects slower real GDP growth driven by lower production at the Keno Hill mine and placer gold operations, alongside elevated local inflation expected to average 4.6 per cent in 2026 due to higher shelter costs, electricity prices, and a greater reliance on heating oil.
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Alto high-speed rail project could cost more than originally thought: budget watchdog
Source: CBC Politics
Date: 2026-10-01 14:34:52.0
Tags: [National, Ontario, Quebec, Infrastructure, Transportation, Transit, Finance]A new report from the Parliamentary Budget Office (PBO) indicates that the proposed Alto high-speed rail project connecting Toronto, Kingston, Ottawa, and Montreal could cost between $75 billion and $113 billion, higher than official initial estimates of $60 billion to $90 billion. The Crown corporation Alto is overseeing the corridor project, with cost drivers primarily attributed to tunnels and elevated structures, which add $169 million and $153 million per kilometre respectively. The PBO estimates the construction will provide modest economic stimulus, raising real GDP by approximately $1.8 billion in 2029 and $2 billion by 2033 while creating between 4,300 and 9,000 jobs. Federal legislation such as Bill C-5 (the One Canadian Economy Act) may help mitigate project risks, land acquisition hurdles, and permitting delays.
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Expect mini capital budget alongside firearms act this fall, Yukon premier says
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-09-29 15:05:02.0
Tags: [National, Finance, Infrastructure, Governance, Public Safety]Yukon Premier and Finance Minister Currie Dixon announced that the Yukon Legislative Assembly will sit on October 5, 2026, to debate a mini capital budget, a supplementary budget, and the territorial fiscal and economic outlook. The upcoming budgetary process aims to address the territory's nearly $82-million deficit through the Responsible Spending Initiative, as well as tackle debt limits and capital planning to better align construction projects with the building season. Additionally, the government plans to table a territorial firearms act and continue discussions with the federal government regarding an increase to the territory's borrowing limit from $1.2 billion to $3 billion and solutions for the isolated electricity grid.
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Canada seeks ‘private investment’ in airports but feds to keep land, assets
Source: Global News Politics
Date: 2026-09-15 13:15:27.0
Tags: [National, Infrastructure, Transportation, Economy, Finance]Prime Minister Mark Carney announced that the federal government will seek private investment through long-term concessions to operate Canada's four largest airports. Under this new model, the federal government will retain ownership of the underlying land and assets while aiming to bring in new capital and operational expertise. The initiative is designed to unlock the economic value and growth potential of the nation's primary aviation hubs.
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Carney says government to open up Canada's 4 largest airports to private investment
Source: CBC Politics
Date: 2026-09-15 12:49:55.0
Tags: [National, Infrastructure, Transportation, Economy, Finance]Prime Minister Mark Carney announced that the federal government will open Canada's four largest airports—Toronto Pearson International Airport, Vancouver International Airport, Montreal's Trudeau International Airport, and Calgary International Airport—to private investment through long-term operating concessions. While Ottawa will maintain ultimate ownership of the underlying land and assets, the government aims to unlock capital and operational expertise to reinvest billions of dollars into future public infrastructure. The initiative follows prior signaling in the federal budget and spring economic update, utilizing events like the Canada Investment Summit in Toronto to engage major global investors and pension funds.
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Carney delivers remarks at investment summit as Liberals discuss airport privatization
Source: CBC Politics
Date: 2026-09-15 12:31:10.0
Tags: [National, Ontario, Economy, Finance, Trade, Infrastructure, Transportation]Prime Minister Mark Carney hosted the Canada Investment Summit in Toronto to attract $1 trillion in investments over the next five years, featuring a 66-page prospectus containing 167 projects. During the summit, the Canada Pension Plan Investment Board and Brookfield Asset Management Ltd. announced a new $50 billion fund for large-scale investments structured on a 50-50 basis with up to $25 billion in equity capital from each organization. Additionally, Carney confirmed that the federal government is pursuing private investment and long-term concessions to operate Canada's four largest airports while keeping the underlying land and assets. These developments coincided with the implementation of new 50 per cent U.S. tariffs on select Canadian goods and protests organized by The Many vs. The Money coalition.
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Carney is seeking trillions in investment at this week's summit. What will it take to land major deals?
Source: CBC Politics
Date: 2026-09-14 08:00:00.0
Tags: [National, Economy, Finance, Trade, Infrastructure, Energy]Prime Minister Mark Carney is hosting the Canada Investment Summit in Toronto to secure up to $1 trillion in foreign direct investment across 167 major projects presented in a 66-page federal prospectus. The high-profile event brings together global financial leaders—including BlackRock Inc. chairman Larry Fink, Temasek CEO Dilhan Pillay, and representatives from sovereign wealth funds like Norway's government pension fund and Abu Dhabi National Oil Co.—to counter pressures from an escalating Canada-U.S. trade war. The projects span eight critical sectors, led by significant developments such as a proposed $35-billion oil pipeline from Alberta to British Columbia, a roughly $79-billion expansion of the Port of Churchill in Manitoba, and the $28.5-billion Ksi Lisims liquid natural gas terminal on the B.C. coast. While economic think tanks like the C.D. Howe Institute and financial institutions like TD Bank project a potential investment supercycle that could boost real output per capita, the initiative faces domestic political criticism regarding national sovereignty and foreign ownership of strategic resources.
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