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.
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).
In the summer of 2024, Jasper National Park and the town of Jasper were hit with a devastating wildfire that burned approximately 32,700 hectares and destroyed 30 percent of structures in the town. A significant portion of the park’s infrastructure was also damaged or destroyed. Since then, in partnership with the Government of Alberta, the Municipality of Jasper and local stakeholders, the federal government has supported residents, helped restore services, and rebuilt infrastructure.
The Government of Canada is strengthening Canada’s financial sector and making it work better for Canadians, including by combatting fraud and increasing competition. Today, proposed regulatory measures to support this plan were included in the Canada Gazette, Part I.
