Government of Canada releases 2026 Spring Economic Update: Canada Strong For All

Press Release

From: Department of Finance Canada

April 28, 2026

Over the past year, Canadians have navigated a rapidly changing, and increasingly fragmented world.

In response, Canada’s new government is focused on what we can control—building a stronger, more independent, more resilient economy. We are moving with speed and ambition to diversify our trade partners abroad and build our strength at home. We are delivering responsible fiscal management and supporting Canadians who are under pressure from everyday expenses—with a boost today and a bridge to a better tomorrow.

In Budget 2025, we outlined our plan to build Canada Strong. Since then, we have moved fast to build the major infrastructure, homes, and industries that grow Canada’s economy and create lasting prosperity; empower Canadians with better careers and a more affordable life; and protect our communities, our borders, and our way of life.

We delivered concrete savings for Canadians while supporting key national priorities and keeping investments focused on results. We are maintaining a strong fiscal position, with the Spring Economic Update 2026 showing that projected deficits are lower over the fiscal horizon and that we are on track to meet our fiscal anchors.

The Spring Economic Update 2026 is the next step in our plan to build Canada Strong for All. It provides a clear update on the strength of Canada`s economy, giving Canadians confidence in our plan. It delivers targeted relief to make life more affordable, support workers and accelerate the construction of homes and major infrastructure. It also strengthens Canada’s competitiveness and economic growth while investing in strong, safe communities across the country.

Canada’s new government is transforming our economy from reliance to resilience. The Spring Economic Update 2026 ensures all Canadians can participate in building Canada strong and share in its success:

• The Canada Strong Fund—Canada’s first national sovereign wealth fund. This will invest in key, strategic Canadian projects and companies. While Canadians will benefit from these nation building projects through jobs, economic growth, and greater security, the government is determined to ensure that Canadians also have a stake in the projects themselves. That’s why a unique and important feature of the Canada Strong Fund will be its new retail investment product. This allows Canadians to receive financial returns as we build Canada strong together.
• Team Canada Strong—a new nationwide effort to recruit, train, and hire 80,000 to 100,000 new skilled trade workers by 2030-31. This initiative creates new opportunities for Canadians and attracts the workers needed to build more homes and major projects at speed and at scale.
• Building Stronger, Safer Communities—by making communities safer, more connected, and more resilient. We are building more homes, getting tougher on crime and fraud, and funding essential infrastructure, including small craft harbours that sustain coastal communities and local jobs. We are also investing to build healthier, safer, and stronger Indigenous communities.

In this update, we are providing a clear and transparent account of how our economy is performing in an increasingly uncertain world. This is critical to lift the fog of uncertainty, help businesses seize new opportunities, and give families the confidence to plan for their future.

Our new government is building a Canada that is not just strong, but good; not just prosperous, but fair. A Canada that is not just for some, most of the time, but for all, at all times. We’re building Canada strong, for all.

Quotes

“The Spring Economic Update 2026 builds on the momentum of our budget, combining strategic investments with sustained fiscal discipline to keep building Canada Strong for All—delivering prosperity today and strengthening our economy for tomorrow. At this pivotal moment in Canada’s history, we’re charting a course through the fog of uncertainty and global headwinds with strength, determination, and ambition—and building one strong Canadian economy, by Canadians, for Canadians.”
– The Honourable François-Philippe Champagne, Minister of Finance and National Revenue

Related products

• Spring Economic Update 2026: Canada Strong for All
• Spring Economic Update 2026: Key Measures
• Spring Economic Update 2026 Speech

Contacts
Media may contact:

John Fragos
Press Secretary
Office of the Minister of Finance and National Revenue
john.fragos@fin.gc.ca

Media Relations
Department of Finance Canada
mediare@fin.gc.ca
613-369-4000

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