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.

The G7 Cyber Expert Group (CEG) successfully concluded its 2026 Cross-border coordination exercise (CBCE) on May 18, 2026. This exercise demonstrates the Group’s ongoing commitment to strengthening cyber resilience across the G7 financial sector.

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.

The Bank of Canada today published its 2027 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report.

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.

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

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).

The Government of Canada is relentlessly focused on making life more affordable for Canadians and reducing the cost of groceries and daily essentials.

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.

The Bank of Canada today published a report summarizing the feedback it received from stakeholders and the Canadian public during consultations on its monetary policy framework.

Government announces largest Indigenous loan guarantee in Canadian history to support Darlington New Nuclear Project

This important legislation delivers targeted measures to support Canadians, build a strong economy and ensure that Canada is well positioned to navigate current global challenges and achieve long-term prosperity.

Over the past year, Canadians have navigated a rapidly changing and increasingly fragmented world. In response, Canada’s government continues to focus on what we can control: building a strong Canadian economy, delivering responsible fiscal management, and supporting Canadians who are under pressure from everyday expenses. And when it comes to bringing down costs for Canadians—a key area of focus for the federal government is lowering the cost of a new home.

The Government of Canada is taking action to protect Canadian industries and strengthen the economy in a rapidly changing global trade environment. As economic security, industrial policy, and global economic competition increasingly shape investment, trade, and financial decisions, the Government of Canada is building the strongest economy in the G7 by moving with speed and ambition to diversify our trade partners and build our strength here at home.

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

Today, the Government is taking further targeted action to support stability in Canada's airline sector during this period of elevated fuel prices. The Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced the launch of the Liquidity for Airline Sector Resilience facility, a new loan program through the Canada Enterprise Emergency Funding Corporation (CEEFC). The facility will offer eligible Canadian airlines experiencing significant financial pressures resulting from elevated jet fuel costs up to $150 million in repayable liquidity support, on an as-needed basis.

In an increasingly divided and uncertain world, the Government of Canada is focused on what it can control—building a stronger, more independent, and more sustainable economy—and is committed to mobilizing public and private capital to support investment in the transition to net-zero.