Government of Canada releases Budget 2026 economic plan

The Government of Canada has announced Budget 2026, a federal economic and fiscal plan focused on investment, productivity, trade diversification, affordability, and sovereignty.

• The budget says it will lower deficits, reduce direct program spending growth from 8% to 2%, and support a $400B capital investment agenda over 6 years.
• It includes measures such as the Canada Electricity Strategy to double grid capacity by 2050, the Canada Strong Fund, the Productivity Mega Deduction, $22B in new affordability measures, and $1.5B for ice rinks and recreational facilities.
• The release is an official government announcement from Department of Finance Canada in Ottawa, Ontario, dated November 5, 2026.