Finance Minister Champagne rolled out “Canada Strong For All” on April 28th. The deficit actually shrank from a projected $78.3 billion down to $66.9 billion. The government took that $11.4 billion windfall and basically spent it. We’re talking $37.5 billion in net new spending.

Here’s what you need to know:

Canada Strong Fund is a brand-new $25 billion sovereign wealth fund to invest in homegrown energy, mining, and tech projects. Regular Canadians can invest in it too.

Trades Workers: $6 billion to train up to 100,000 Red Seal workers by 2031. Apprentices get weekly grants and a $5K bonus.

CPP Relief contribution rates are dropping from 9.9% to 9.5% in 2027. If you’re making $70K, that’s about $133 back in your pocket.

AI Strategy: six pillars, big ambitions, and a push to keep Canada competitive globally.

Critics are raising eyebrows, though some are calling the sovereign wealth fund a glorified slush fund since it’s debt-funded, not surplus-funded like Norway’s.

Canada’s still got the lowest net debt-to-GDP in the G7 at 10.2%, which is nice.

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