Issue
Economy & Jobs
Federal levers over the macroeconomy: monetary policy through the Bank of Canada Act (the Governor sets the overnight rate independently under a renewed 2021 inflation-targeting agreement with the federal government), fiscal policy through the federal budget (most recently the April 2024 federal budget implemented by C-69, with the Carney government tabling Budget 2025 in November 2025 implemented by 45-1 C-15), and competition policy through the Competition Act. Bill C-56 of 2023 repealed the efficiencies defence; Bill C-352 (Singh PMB) would have tightened abuse-of-dominance enforcement. Federal Industrial Strategy: the 2023 Inflation Reduction Act-driven federal-Volkswagen battery-plant deal in St. Thomas (federal-provincial commitment ~$13 billion), the Stellantis-LG NextStar deal in Windsor, and the Sustainable Jobs Act (Bill C-50 of 2024) for the just transition. Bill C-5 of 2025 (Free Trade and Labour Mobility in Canada Act) removed remaining federal interprovincial-trade barriers.
Where parties stand
Compare side-by-side- Bloc QuébécoisBLOC
The Bloc Québécois defends Quebec's economic sectors that depend on federal regulatory framework: the aerospace cluster around Montréal (Bombardier, CAE, Pratt and Whitney Canada, with approximately 41,000 direct jobs per Aéro Montréal data), the pharmaceutical sector, and the forestry industry facing US softwood-lumber duties. Supports French as the language of work in federally regulated workplaces in Quebec (a 2023 C-13 Official Languages Act amendment), opposes federal subsidies that flow disproportionately to Ontario auto-sector projects (e.g., the $13-billion Volkswagen Stellantis battery-plant subsidies), and calls for full Quebec tax-administration control including federal personal income tax.
Source - Conservative Party of CanadaCONSERVATIVE
The federal Conservative Party under Pierre Poilievre frames the Canadian economy as suffering from inflation (the 2022 peak at 8.1 percent year-over-year per Statistics Canada), capital flight (Canada's GDP per capita has grown approximately 0.7 percent annually 2015-2024 versus the US at 1.9 percent), regulatory burden, and the Liberal-NDP carbon-pricing framework. Calls for axing the consumer fuel charge of federal carbon-pricing (which the Carney Liberal government did in 2025), cutting capital-gains-tax inclusion rate (the Liberal increase to 66.7 percent for gains over $250K introduced in 2024 was rescinded by Carney), and reducing regulatory burden through the One-for-One regulatory removal commitment under the Red Tape Reduction Act (S.C. 2015, c. 12).
Source The federal Green Party calls for a Guaranteed Livable Income at $20,000 per adult per year (the Parliamentary Budget Officer 2021 analysis estimated $93 billion annual gross cost; the Greens cite offsetting savings from program consolidation), a Tobin tax on financial transactions, immediate elimination of approximately $14 billion in annual federal direct and indirect fossil-fuel subsidies (per IISD 2024 tracking), expansion of the Just Transition Act framework beyond Bill C-50 to include retraining-wage replacement and pension protection for fossil-fuel-sector workers, and a binding minimum-wage federal-jurisdiction inflation-indexation mechanism beyond the current federal minimum wage of $17.30 per hour (effective April 1, 2024).
Source- Liberal Party of CanadaLIBERAL
The federal Liberal Party under Mark Carney secured the Volkswagen St. Thomas battery plant (announced March 2023, $13.2 billion in federal-provincial subsidies, 3,000 direct jobs), Stellantis-LG Energy Solution Windsor battery plant (announced May 2023), Honda Alliston Ontario battery and EV plant (announced April 2024, 4,200 direct jobs), Northvolt Saint-Basile-le-Grand Quebec battery plant (announced September 2023, $7 billion federal-provincial), pushed for the Investment Tax Credit framework under Bill C-59 (Fall Economic Statement Implementation Act 2023, S.C. 2024, c. 15), and committed to continued auto-sector subsidies if needed to compete with US Inflation Reduction Act incentives.
Source The federal NDP under Jagmeet Singh frames the Canadian economy as suffering from corporate concentration in grocery (the Competition Bureau's June 2023 Retail Grocery Market Study found Loblaw, Sobeys/Empire, and Metro control approximately 60 percent of Canadian grocery sales), telecommunications (Bell, Rogers, Telus 90 percent wireless market share), and air travel. Calls for sectoral bargaining (collective agreements covering all workers in a sector, not just unionized employers), a windfall-profit tax on oil and gas, grocers, and banks reporting over $1 billion in profit, support for the EV-battery industrial cluster around Windsor-Bécancour-Edmonton (Honda Alliston EV plant, $4.2K direct jobs, NDP-supported subsidies), and stronger Competition Act enforcement.
Source
Bills affecting this issue
- C-18Federal45-1Royal assent
An Act to implement the Comprehensive Economic Partnership Agreement between Canada and Indonesia
Comprehensive Economic Partnership Agreement (trade).
- C-13Federal45-1Royal assent
An Act to implement the Protocol on the Accession of the United Kingdom of Great Britain and Northern Ireland to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership
Implements UK-CPTPP accession protocol for trade.
- S-3Federal45-1Second reading
An Act to amend the Weights and Measures Act, the Electricity and Gas Inspection Act, the Weights and Measures Regulations and the Electricity and Gas Inspection Regulations
Updates federal weights and measures regulations under multiple consumer-protection statutes.
- C-267Federal45-1Second reading
An Act to establish a national framework to promote the durability of electronic products and essential home appliances
National framework on durability of electronic products.
- S-1001Federal45-1Royal assent
An Act to authorize Gore Mutual Insurance Company to apply to be continued as a body corporate under the laws of the Province of Quebec
Private corporate bill: Gore Mutual Insurance jurisdictional transfer.
- S-239Federal45-1Second reading
An Act to amend the Competition Act
Competition Act amendments to address market concentration.
- C-5Federal45-1Royal assent
An Act to enact the Free Trade and Labour Mobility in Canada Act and the Building Canada Act
Eliminates remaining federal interprovincial trade barriers and creates a regulatory framework for nation-building infrastructure projects.
- C-294Federal44-1Royal assent
An Act to amend the Copyright Act (interoperability)
Interoperability amendment to the Copyright Act. Lets users bypass technological protection measures for interoperability purposes.
- C-244Federal44-1Royal assent
An Act to amend the Copyright Act (diagnosis, maintenance and repair)
Right-to-repair amendment to the Copyright Act. Lets owners bypass technological protection measures for diagnosis, maintenance and repair.
- S-6Federal44-1In committee
An Act respecting regulatory modernization
Regulatory modernization omnibus.
- S-279Federal44-1In committee
An Act to amend the Income Tax Act (data on registered charities)
Requires registered charities to collect and report data on board diversity.
- S-285Federal44-1First reading
An Act to amend the Canada Business Corporations Act (purpose of a corporation)
21st-Century Business Act: lets directors of federal corporations consider workers, customers, communities, and environment.
- C-365Federal44-1In committee
An Act respecting the implementation of a consumer-led banking system for Canadians
Consumer-led 'open banking' framework.
- C-57Federal44-1Royal assent
An Act to implement the 2023 Free Trade Agreement between Canada and Ukraine
Canada-Ukraine 2023 Free Trade Agreement implementation.
- C-352Federal44-1In committee
An Act to amend the Competition Act and the Competition Tribunal Act
Tightens the Competition Act, gives the Competition Bureau stronger tools, raises anti-competitive-behaviour penalties.
- C-42Federal44-1Royal assent
An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts
Creates a federal beneficial-ownership registry for corporations. Aimed at money laundering, sanctions evasion, and tax avoidance.
- S-275Federal44-1Second reading
An Act to amend the Bank of Canada Act (mandate, monetary policy governance and accountability)
Updates the Bank of Canada Act on mandate, monetary-policy governance, and accountability.
- C-339Federal44-1First reading
An Act to amend the Competition Act (efficiencies defence)
Repeals the Competition Act 'efficiencies defence'. Eventually picked up by C-56.
- C-249Federal44-1Second reading
An Act respecting the encouragement of the growth of the cryptoasset sector
National strategy to encourage cryptoasset sector growth.
- C-253Federal44-1Second reading
An Act to amend the Bank of Canada Act and to make consequential amendments to other Acts
Bank of Canada Accountability Act. Conservative PMB increasing BoC transparency.