The Government of Canada is moving forward with actions to protect Canadian industries and strengthen the economy amid a rapidly evolving global trade landscape. As economic security, industrial policy, and international competition continue to shape investment, trade, and financial decisions around the world, the federal government is moving with speed and ambition to build the strongest economy in the G7.
Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, announced that the federal government is providing $60 million loan to Arbec Bois d'œuvre Inc. through the Large Enterprise Tariff Loan facility. The funding will help the company maintain operations, transition to a business model less reliant on the United States, and limit disruption to its workforce.
Canada’s forest sector has been impacted by ongoing trade disputes, particularly between the U.S. and China, which has created weak market conditions for softwood lumber, pulp, and other forest products resulting in ongoing economic uncertainty for workers and their families.
Today, the Department of Finance is releasing for consultation, draft legislative proposals to implement a range of previously announced tax measures, as well as other technical amendments to Canada's tax system.
Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, met with provincial and territorial finance ministers in Charlottetown to discuss shared priorities, including improving affordability, removing outstanding internal trade barriers between provinces, increasing housing supply and advancing measures to strengthen Canada's long-term economic growth and competitiveness in an uncertain global environment.
On July 14th and 15th, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will be in Charlottetown, Prince Edward Island.
In preparation for the fall budget, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today announced the launch of pre-budget consultations.
Today, the Honourable Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions), highlighted the program’s $227,071 investment in the Nistawoyou Association Friendship Centre to help it deliver Indigenous-led sport and recreation projects that will support the community’s health and well-being. The announcement was made on behalf of the Honourable Adam van Koeverden, Secretary of State (Sport).
On July 6, the Honourable Wayne Long, Secretary of State responsible for the Canada Revenue Agency and Financial Institutions, will celebrate the 2026–2028 funding recipients of the Sport for Social Development in Indigenous Communities initiative. This announcement will be made on behalf of the Honourable Adam van Koeverden, Secretary of State (Sport).
