On September 5, 2025, Prime Minister Carney announced a package of new measures aimed at protecting, building, and transforming Canada’s strategic industries.
These measures are in addition to the steps the government has already taken in support of steel, aluminum, and softwood lumber and in establishing a Major Projects Office to fast-track large infrastructure projects. They will be followed shortly by announcements of a new Defence Industrial Strategy, Trade Diversification Strategy, and Build Canada Homes program, as well as by the government’s economic statement (budget) that is expected later this fall. The package announced by the Prime Minister represents more than just an assortment of new policy measures and programs. It reflects an integrated strategy that brings together industrial, innovation, and procurement policies aimed at stimulating demand and targeting industrial competitiveness, business growth, and transformation in a way that Canada hasn’t seen since the 1950s.