The Canadian Returnee Podcast
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. [https://budget.canada.ca/update-miseajour/2026/home-accueil-en.html] 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. [https://www.canada.ca/en/department-finance/news/2026/04/canada-strong-fund.html] 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. [https://www.taxpayer.com/newsroom/carney%E2%80%99s-corporate-slush-fund-nothing-like-a-sovereign-wealth-fund] Canada’s still got the lowest net debt-to-GDP in the G7 at 10.2%, which is nice. If you found this helpful, like, share, and subscribe! It goes a long way in keeping this content free. Also, if you really want to support us, grab us a coffee. [https://buymeacoffee.com/canadianreturnee] This Substack is reader-supported. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit canadianreturnee.substack.com/subscribe [https://canadianreturnee.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_2]
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