Carney Liberals launching new skilled training strategy, deficit projected at $65.3B
The update adds $54.5 billion in new costs and targets 80,000 to 100,000 skilled-trades hires by 2030-31, officials said.
- The Carney Liberals announced an $11.3-billion spending plan focusing on affordability and boosting skilled trades training by 2030-31.
- The government introduced a $25-billion sovereign wealth fund to enable Canadian investments in large infrastructure projects.
- Canada's economy is expected to grow 1.7% in 2025, with the deficit projected to improve between 2025-26 and 2026-27.
- The government plans include investments in apprenticeships and grants to address skilled trades worker shortages by 2030-31.
19 Articles
19 Articles
Liberals on better-than-expected ground, plan to spend billions on skilled trades in economic update
Finance Minister François-Philippe Champagne's spring economic update finds the Liberal government sitting in a better-than-expected position — driven by a resilient economy and surging oil prices — which it's using to justify billions in new spending to train up tens of thousands of skilled workers.
Carney government commits $6B to boost skilled trades
The strategy will fund recruitment, wage subsidies for placements and apprenticeships, upgrades to training facilities, reforms to certifications and bonuses for getting certified.
Carney's fiscal update shows smaller Canadian deficit, new spending
Canadian Prime Minister Mark Carney's fiscal update on Tuesday committed billions of dollars in new spending on a new skilled worker program and infrastructure and projected a smaller deficit for its... -April 28, 2026 at 04:04 pm EDT MarketScreener
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