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Carney’s second budget to focus on affordability, business growth and infrastructure
World
November 2, 2026

Carney’s second budget to focus on affordability, business growth and infrastructure

Prime Minister Mark Carney’s second federal budget, scheduled to be tabled Thursday, is expected to include new measures to address affordability, tax incentives for businesses, and investments in infrastructure, defence and culture, according to senior government officials familiar with the plans.The budget is also expected to provide further details on previously announced initiatives, including plans to attract private investment into Canada’s four largest airports. It is also expected to explain how the government intends to meet its commitment to balance the federal government’s operating budget one year ahead of schedule.Foreign direct investment is another area likely to feature prominently. The government is expected to provide more information about the amount of investment flowing into Canada and identify the sectors and projects attracting that capital, according to a senior official.The budget is also expected to include an update on the Canada Strong Fund, which Carney announced in April as Canada’s first national sovereign wealth fund.The government’s fiscal plan will centre on three broad priorities: investing in Canadians, strengthening the country’s identity and promoting economic growth, the official said. The source is familiar with the budget but was not authorized to speak publicly about its contents.Finance Minister François-Philippe Champagne shared the budget’s title and cover on social media last week, ahead of its scheduled release.

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