Federal government announces several new economic initiatives

This spring has brought a steady stream of announcements offering Canadians a mix of renewal, economic caution and practical support as commun-ities prepare for the busy summer season ahead.

The federal government tabled the Spring Economic Update on April 28, a clear update on the strength of Canada’s economy, giving Canadians confidence in our plan. It delivers targeted relief to make life more affordable, support workers and accelerate the construction of homes and major infrastructure. It also strengthens Canada’s competitiveness and
economic growth while investing in strong, safe com-munities across the country. I encourage you to learn more at budget.canada.ca/update-miseajour/2026.

Economic concerns do remain at the forefront. In response to continuing U.S. tariffs affecting Canadian industries, the federal government recently announced a $1.5 billion support package aimed at protecting jobs and strengthening economic resilience. I was pleased to attend the announcement alongside ministerial colleagues as details were unveiled for a new $1 billion Business Development Bank of Canada program to assist manufacturers and exporters using steel, aluminum and copper in their production.

An additional $500 million will also be delivered through the Regional Tariff Response Initiative to help small and medium-sized businesses diversify markets and improve competitiveness during uncertain global conditions. These measures will help local companies adapt, grow and continue to thrive despite ongoing international trade pressures.

Moreover, Canadians received news of additional financial relief through the new Canada Groceries and Essentials Benefit. Eligible recipients will receive a one-time GST/HST credit top-up on June 5, ahead of the official July launch of the enhanced Canada Groceries and Essentials Benefit, which is expected to support more than 23,000 individuals in Orléans through quarterly payments increasing by 25% over the next five years. Together, these announcements reflect a country balancing economic uncertainty with optimism, and continued investment in the everyday lives of Canadians.

I welcomed the nomination of Ms. Louise Arbour as Canada’s 31st Governor General since Confederation. As a world-renowned legal scholar, judge and advocate for human rights, Ms. Arbour has spent more than five decades serving Canadians and the international community.

To all the mothers and mother figures in Orléans, I hope you enjoyed a beautiful Mother’s Day, filled with love and cherished moments with your families and friends.