Budget 2025: Canada Strong addresses significant global and domestic challenges. The world has become more dangerous and divided, and shifts in the global trading system have introduced major disruptions and uncertainty for Canadians.
Business investment in Canada has remained stagnant for a decade, resulting in only 0.3% annual productivity growth during this period—falling behind most G7 countries. This slowdown has impacted wages, job creation, and overall prosperity.
The government aims to harness Canada's strengths to boost innovation and productivity, creating high-paying jobs, successful businesses, and increased investor confidence. Prime Minister Mark Carney presented a plan targeting $1 trillion in total investments over the next five years.
"Today, the Prime Minister, Mark Carney, outlined the government’s plan to enable $1 trillion in total investments over the next five years in Canada."
These combined actions represent a significantly different economic approach designed to accelerate growth by focusing government spending on areas yielding the highest returns: workers, businesses, and nation-building projects.
"Budget 2025 sets the foundation for long-term prosperity, so we can build the strongest economy in the G7."
Author's summary: Budget 2025 introduces a comprehensive strategy targeting $1 trillion in investments through tax incentives, infrastructure, competition, and talent to drive Canada’s economic growth and global competitiveness.