The Bank of Canada has released its annual Financial Stability Report, warning that while the Canadian financial system has remained resilient over a challenging year, vulnerabilities have increased, leaving the economy highly susceptible to potential economic shocks. Key takeaways from the report include: Geopolitical & Trade Risks: Ongoing global uncertainty—specifically driven by volatile energy markets and trade tensions—poses a continuous risk to economic stability. Emer

Federal Budget & Spending: The 2026 Spring Economic Update projects a $65.3 billion deficit for 2026-27. To stimulate strategic growth, the government launched the Canada Strong Fund, a $25 billion national sovereign wealth fund. Tax Relief: The federal fuel excise tax was temporarily suspended (effective April 20–Sept 7), and alcohol excise duty relief was extended for two years. Minimum Wage Increases: On April 1, the federal minimum wage rose to $18.15. Several provinces,

On May 4, 2026, the Government of Canada announced a $1.5 billion support package to help Canadian businesses mitigate the impact of increased U.S. tariffs on steel, aluminum, and copper. Core Components of the Announcement New $1 Billion BDC Loan Program: * The Business Development Bank of Canada (BDC) will offer three-year, low-interest loans ranging from $2 million to $50 million. Terms: These loans feature 0% interest in the first year, followed by low rates. No repay