September 15, 2025
As Parliament resumes today following the summer recess, Canada’s political and economic landscape is poised for a consequential fall session. Prime Minister Carney’s government is moving swiftly to implement key components of its post-election mandate, with three major priorities at the top of the agenda: fast-tracking nation-building infrastructure, launching a new federal housing agency, and preparing a budget that balances investment with fiscal restraint.
At the heart of the government’s growth strategy is the newly established Major Projects Office (MPO), designed to accelerate approvals and attract private capital for large-scale infrastructure projects. The first five projects, announced earlier last week under the Building Canada Act, include expansions to the Port of Montreal, LNG development in British Columbia, and new investments in nuclear energy and critical minerals. These initiatives are expected to unlock over $60 billion in new investment and signal a more assertive federal role in shaping Canada’s economic future. Additional proposals, such as the “Wind West” offshore energy network in Atlantic Canada, all-weather roads connecting Northern Canada to the Prairies, and Port of Churchill upgrades are under MPO review and could redefine regional development.
In parallel, the federal government is launching Build Canada Homes, a new housing agency aimed at tackling affordability and supply shortages. The agency will prioritize projects that use Canadian-made materials, convert federal lands into housing, and support co-ops, non-profits, and Indigenous housing providers. Financial tools under consideration include below-market-rate loans, equity investments, and loan guarantees. With the Canada Mortgage and Housing Corporation estimating a need for up to 480,000 new housing units over the next decade, this initiative is seen as a critical lever to restore affordability and stimulate construction.
All eyes now turn to the upcoming federal budget, expected later this fall. Prime Minister Carney has pledged to “rein in spending” while creating fiscal room for strategic investments. The government aims to reduce operational costs and improve efficiency across departments, even as it commits to major infrastructure, housing programs, and more defence spending. Business leaders will be watching closely for signals on trade policy, procurement reform, and regulatory streamlining, especially in light of ongoing tensions with the United States over tariffs and border policy.
For Canada’s business community, the fall session presents both opportunity and uncertainty. With bold plans on the table and a renewed focus on execution, stakeholders should prepare for a dynamic policy environment, one where alignment with federal priorities could unlock new growth, and where agility will be key to navigating shifting political currents.
We’re Here to Help
For more information and insights about what these developments mean for Canada’s political landscape, please contact:
Paul Merriman – Senior Strategy Advisor
paul@prairieskystrategy.ca
306.281.2987
Jeff Sterzuk – President
jeff@prairieskystrategy.ca
403.612.1724
Richard Truscott – Vice-President
richard@prairieskystrategy.ca
403.998.0494
To learn more about Prairie Sky Strategy, please visit our website.
