Eric Herzberg
(Bloomberg) Canada will launch a $50 billion infrastructure fund to build projects in areas such as hospitals, transportation and housing as the government tries to boost an economy squeezed by U.S. tariffs.
A government official said the fund would be one of the measures included in the first budget released by Finance Minister François-Philippe Champagne on Tuesday, but the details were not disclosed.
Prime Minister Mark Carney, 60, has promised a budget that will focus on new investments to boost Canada’s productive capacity and stimulate economic growth that has been slowed in large part by the trade war waged by the Trump administration. Canada and the United States have one of the world’s largest bilateral trade relationships, but tariffs on steel, automobiles and other goods have hurt Canada’s export sector.
Last week, the Bank of Canada lowered its economic growth forecast for this year and next year to 1.2% and 1.1% respectively. Both had been expected to be 1.8%.
The Globe and Mail earlier reported on the infrastructure fund, saying it was unclear how many years the money would cover.
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Last modified: November 4, 2025
