#federal-budget

The federal government's latest Fall Economic Statement (FES) charts a course through Canada's affordability and housing crises with billions in new spending aimed at accelerating home construction and providing cost-of-living relief. The plan introduces significant tax credits for clean technology and manufacturing to stimulate business investment, framing it as a strategy for future growth. However, the update also projects continued deficits and a rising national debt, sparking criticism from opposition parties and business groups who question the fiscal prudence and inflationary impact of the new measures, setting the stage for a critical economic debate.

The Canadian federal government has announced a landmark $2.4 billion investment package aimed at securing the nation's position as a global leader in artificial intelligence. The funding, a cornerstone of the upcoming federal budget, will primarily establish a $2 billion AI Compute Access Fund to provide crucial computational power for researchers and startups. The package also includes initiatives to foster AI adoption in key industries, create a sovereign AI consortium, and establish an AI Safety Institute, signaling a comprehensive strategy to harness AI's economic potential while managing its risks.