Federal Government Releases 2022 Fall Economic Statement

written by

Federal Team

This afternoon Deputy Prime Minister and Minister of Finance Chrystia Freeland released the federal Fall Economic Statement 2022 (“FES”).

With the FES, Prime Minister Trudeau and his government have tried to strike a delicate balance between competing imperatives. On the one hand, the government recognizes the need for further investments in economic growth, innovation, productivity, and the green transition to ensure Canada’s economy continues to create good-paying jobs and prosperity while combatting climate change.

On the other hand, Canada is now in a post-COVID period marked by uncertainty with a looming recession, global supply chain shortages and geopolitical insecurity. Prudent fiscal management – keeping some powder dry for the challenges ahead – informed the government’s approach. In her speech, Minister Freeland noted that as economic challenges come to bear, the government will be able to invest in the Canadian economy “because we were prudent in April, and because we are being prudent today."

For private sector companies and their trade associations, there is plenty of opportunity to engage with the government as the FES is implemented and Budget 2023 is crafted. Significant new spending measures were announced in the green infrastructure sector, and there are a number of tax consultations planned for the months ahead. Conspicuously absent were commitments related to other key files including health, agriculture and defence. Much work will be done between now and the spring to ensure that those key sectors are recognized within Budget 2023.

No items found.

June 26, 2026

Canada’s Nuclear Renaissance, Continued

Canada unveiled its first-ever sectorwide Nuclear Energy Strategy, setting concrete build-out targets: up to 10 new domestic reactors by 2040, four new export markets by 2040, across a four-pillar plan covering domestic builds, exports, fuel/waste management, and fission/fusion innovation. The strategy stays technology-agnostic between CANDU, AP1000, and Gen IV designs, leans on existing financing tools rather than new funding (with a dedicated financing policy due next April), and frames nuclear as central to doubling Canada's grid capacity and capturing global export demand as countries move away from Russian supply chains.

June 16, 2026

Canada Tables Sweeping New Federal Privacy Law

Bill C-36, the Protecting Privacy and Consumer Data Act, would represent the most significant overhaul of Canada's private sector privacy regime in more than 25 years.

June 11, 2026

Not all nuclear is created equal

Traditional large-scale nuclear plants have long demonstrated that it is possible to produce dependable electricity at scale without direct greenhouse gas emissions. They provide steady, around-the-clock power that supports modern economies while helping jurisdictions meet climate goals.

view all

RECENT POSTS

Canada’s Nuclear Renaissance, Continued

Canada Tables Sweeping New Federal Privacy Law

Not all nuclear is created equal