Budget 2025

Yesterday, Prime Minister Mark Carney and Finance Minister François-Philippe Champagne tabled the 2025 Federal Budget.

Budget 2025 focuses on investing in the Arctic, including:

- $1 billion "Arctic Infrastructure Fund" to build and expand transportation assets in Canada's Arctic, including deep-water ports, sealift infrastructure, airstrips, and all-season roads that would directly support dual-use capabilities for military and non-military purposes, to be administered by Transport Canada.

- $1.5 billion First and Last Mile Fund that will absorb Natural Resources Canada (NRCan)'s Critical Minerals Infrastructure Fund, and will support clean energy and transportation infrastructure projects related to critical minerals development.

- $10 billion increase in the Canada Infrastructure Bank's statutory borrowing capacity.

- $26 million to CIRNAC and $42 million to Canadian Northern Economic Development Agency to help accelerate regulatory processes in Canada’s North.