Canada budget priorities

Prime Minister Mark Carney’s 2026 federal budget commits C$142bn in new spending over five years, supported by higher oil revenues, to strengthen Canada’s sovereignty and ease living costs. It includes C$11.2bn over four years to combat homelessness and a grocery benefit estimated to provide C$2,570 to a family of four within a year. The budget projects a deficit of more than C$50bn and keeps immigration targets unchanged.

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