Factbox-Main measures announced in Canada economic statement

Canada’s spring economic statement introduced a package of fiscal and tax measures that could have modest market effects. Key actions include a C$2bn initial investment to recruit and train 80,000–100,000 skilled trades workers (with a further C$3.4bn in training grants), a cut to the base Canada Pension Plan contribution rate from 9.9% to 9.5% effective Jan. 1, 2027 (small boost to take-home pay), and changes to mortgage insurance rules to support multi-unit residential lending. The government also expanded carbon capture tax credits (rates up to 30%) and offered accelerated capital cost allowances for low‑carbon LNG projects. Overall the measures are pro-growth for construction and energy investment, marginally supportive for household disposable income, and likely to be modestly relevant for Canadian asset classes and the Canadian dollar (USDCAD).