Ottawa’s federal budget bets, one of Canada’s largest tech takeovers and Florida’s property tax vote vs. snowbirds: Must-read business and investing stories

Live updates

1. 13m ago

   Ottawa Tables Federal Budget Focused on Sovereignty and Investment

   Prime Minister Mark Carney and Finance Minister François-Philippe Champagne tabled Canada's federal budget on Thursday in Ottawa. The fiscal plan commits billions of dollars in new spending aimed at bolstering economic sovereignty and stoking investment. The package includes measures addressing corporate loss transfers, preferred shares, power grid expansion, tax relief for artists, and efforts to address homelessness. Saskatchewan Premier Scott Moe called the fiscal plan the best in a decade, while the finance minister defended the figures against critics pointing to ongoing deficits.

   Why it matters

   The second budget under Prime Minister Mark Carney attempts to insulate the Canadian economy from potential trade disruptions originating south of the border. Ottawa is banking on direct state investment and tax changes to stimulate domestic growth and modernize industrial infrastructure. Tech executives and investors praised the fiscal package for delivering key items from their advocacy wish lists.

   What is confirmed

   • Finance Minister François-Philippe Champagne and Prime Minister Mark Carney tabled the federal budget in Ottawa on Thursday.
   • Saskatchewan Premier Scott Moe called the federal budget the best in a decade.

   Still unconfirmed

   • The Carney government's second budget commits $151.5 billion in new spending over five years while projecting a $62.3-billion deficit.

   What to watch next

   • Legislative debates and parliamentary votes on the tax and spending measures in the federal budget
   • Implementation details regarding corporate loss transfers, preferred shares, and grid expansion funding
   Sources used for this update (16)

   1. Politico — Forget ‘elbows up.’ Carney has a new pitch for Canada's future.
   2. The New York Times — Carney Asserts Canada’s Sovereignty and Vows to End Homelessness in Budget
   3. RBC Wealth Management — Federal budget 2026: An overview of key measures that may impact you
   4. Global News — These are all the key tax changes and credits impacting you from the budget
   5. CBC — 7 takeaways from the Carney government's 2nd budget
   6. CBC — Tax relief could be coming for Canadian artists — but how does it work?
   7. Global News — Premier Scott Moe calls federal budget ‘best in a decade’
   8. The Globe and Mail — Budget 2026: Ottawa aims to simplify taxes, addressing corporate loss transfers and preferred shares
   9. The Globe and Mail — Ottawa’s federal budget bets, one of Canada’s largest tech takeovers and Florida’s property tax vote vs. snowbirds: Must-read business and investing stories
   10. CTV News — ‘Deficits are lower, that’s a fact’: Finance minister defends budget
   11. Canada.ca — Budget in brief | Budget 2026
   12. The Globe and Mail — Federal budget plows money into expanding power grids, but plans to connect them remain unclear
   confidence 95%