The Spring Economic Update 2026 marks the next step in our government’s plan to build a stronger Canada for everyone. It provides a clear and transparent update on the strength of our economy, giving Canadians confidence in the path ahead and in a plan that is delivering real results.
At its core, this update advances three key priorities: building the major infrastructure that connects and transforms our economy, lowering costs on everyday essentials to help Canadians get ahead, and protecting our communities, sovereignty, and way of life. It also reflects our commitment to fiscal responsibility, with the projected deficit for 2025–26 reduced by more than $11 billion.
A cornerstone of this update is the launch of the Canada Strong Fund, Canada’s first national sovereign wealth fund. With an initial endowment of $25 billion, the Fund will invest alongside private partners in large-scale Canadian projects across energy, infrastructure, critical minerals, agriculture, and technology.
Managed independently and on a commercial basis, the Fund will generate returns that are reinvested to grow over time. It will be professionally managed and operate as an arm’s length independent Crown corporation.
The Canada Strong Fund is built on a simple but powerful idea: Canadians should directly benefit financially from the success of the projects that shape our future. By creating new opportunities for citizens to invest, the Fund ensures that economic growth translates into shared prosperity.
This approach is grounded in partnership—with Indigenous Peoples, with Canadian workers, and with investors—while strengthening our economic independence. Together, we are building a more resilient economy where every Canadian can take part and share in the success of what we build.