Prime Minister Carney shares Budget 2025 plan to build communities strong

Budget 2025: Canada Strong – Transforming the Economy

Budget 2025, titled "Canada Strong," outlines a strategy to shift Canada’s economy from dependence on a single trade partner toward greater self-reliance and resilience against global shocks. The shifting global trade landscape has brought major disruptions and uncertainty for Canadians, necessitating a new economic approach.

A Plan to Invest $1 Trillion

This budget aims to stimulate $1 trillion in investments over the next five years, focusing on making Canada more robust and less vulnerable to external influences. The goal is to empower the country internally, beyond what any foreign government could influence or take away.

Building Strong Communities

At the heart of this vision is significant investment in infrastructure, housing, and community development. Prime Minister Mark Carney introduced the Build Communities Strong Fund to drive this initiative.

Build Communities Strong Fund Details

The fund will allocate $51 billion over 10 years, with an additional ongoing investment of $3 billion per year. The focus is on revitalizing key local infrastructure including:

These investments aim to improve public services, transport goods more efficiently, and sustain towns and cities.

Expected Impact of the Fund

By replacing outdated college and university buildings, addressing hospital overcrowding, and upgrading failing water systems, productivity will increase and business costs will decrease.

"The Build Communities Strong Fund will build new infrastructure to speed up work and bring down costs. When colleges and universities have archaic buildings, when hospitals are over capacity, and when water systems fail, productivity drops and businesses pay more."

This budget prioritizes a resilient economy built on strong infrastructure and communities, crucial for Canada's future growth and stability.

Author's summary: Budget 2025 focuses on investing $1 trillion to rebuild Canada's infrastructure and communities, fostering a self-sufficient economy resilient to global uncertainties.

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Prime Minister of Canada Prime Minister of Canada — 2025-11-06

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