AGP Executive Report
Last update: 12 hours agoFederal Budget: Mark Carney’s government is betting on tax incentives and public investment to drive a $400-billion building push over six years, while promising $22 billion in affordability measures. The plan projects a $62.3-billion deficit in 2026–27; critics say Ottawa is spending nearly all of its revenue windfall rather than curbing borrowing. Defence: Spending is set to rise to 4.1 per cent of GDP by 2027–28, with plans for more drones and intelligence funding. Alberta Referendum: Elections Alberta says October’s vote cost $84 million, prompting lawmakers to approve $49 million in additional funding. About 75 per cent of voters chose to keep Alberta in Canada. Immigration: Budget targets remain at 380,000 permanent residents and 370,000 temporary arrivals annually through 2029. Bank of Canada: The central bank and Ottawa renewed the 2 per cent inflation target as the key focus of monetary policy.
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