The world is increasingly divided, and changes in the global trading system are creating uncertainty for Canadians. Recognizing that Canada’s economic strategy must evolve, Budget 2025: Canada Strong lays out a plan to transform our economy from one reliant on a single trade partner to a more self-sufficient and resilient nation. Over the next five years, this plan will enable $1 trillion in investments to secure Canada’s economic future.
At the heart of this strategy is the Buy Canadian Policy, designed to make Canada its own best customer. By prioritizing Canadian steel, aluminum, lumber, and other products, technologies, and services, the government aims to create new jobs, strengthen industries, and boost local supply chains. Prime Minister Carney has emphasized that through major infrastructure projects, housing, defence industries, and thousands of new careers, Canada will “build big and bold,” ensuring federal investments benefit Canadian industries and communities first.
Budget 2025 allocates nearly $186 million in new funding to implement the policy fully. This includes $98.2 million over five years to Public Services and Procurement Canada and $79.9 million to launch a Small and Medium Business Procurement Program, providing support for SMEs to compete for federal contracts. The policy will also extend to infrastructure spending and major projects, directing as much as $70 billion in public investment to Canadian-made goods and services, creating careers and revitalizing communities.
Building economic strength starts with what Canada can control, particularly who we buy from. By supporting Canadian businesses, including small and medium-sized companies, the government is securing good jobs, promoting competition, and ensuring federal investments strengthen Canada’s industries at home. The Buy Canadian Policy is central to Budget 2025’s mission: to take control, foster resilience, and build a stronger, more independent Canadian economy.