PM Carney makes affordability announcement in Ottawa

The Canadian government is addressing affordability concerns through a series of measures, including the new Canada Groceries and Essentials Benefit, which will increase the GST credit for 12 million Canadians. A family of four could receive up to $1,890 this year and about $1,400 annually for the next four years. The government is also investing $500 million to support capital investments in food businesses to expand capacity and strengthen the food supply. These initiatives aim to ease immediate financial pressures while longer-term solutions, such as improving supply chain resilience and developing a national food security strategy, are pursued. Amidst global economic shifts and trade tensions, Canada is also focused on diversifying trade partnerships and reinforcing Arctic security.