Canada unveils 2026 budget with C$45 billion housing plan and lower growth forecasts
Canada unveiled a 2026 budget with C$45 billion in housing affordability measures and C$25 billion for a new Canada Growth Fund, according to FinancialJuice. The budget forecasts GDP growth of 1.0% in 2026 and 1.7% in 2027, down from 1.1% and 1.9%, respectively. Planned borrowing rises to C$611 billion in 2027/28 from C$587 billion in 2026/27, with 72% used to refinance maturing debt.