Canada’s 2025 budget ties hundreds of billions in capital spending to housing, infrastructure, and critical minerals in a calculated gamble that industrial policy can deliver both resilience and growth.
Canada’s 2025 federal budget is not written as a routine fiscal update. It reads instead as a blueprint for a different economic model, one in which the federal government acts as a long-term investor in physical assets and industrial capacity.
In the autumn, at a major North American critical minerals
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