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Canada to Launch $36 Billion Infrastructure Fund in Upcoming Budget

Canada's Prime Minister Mark Carney speaks during a press conference, on the sidelines of the 47th ASEAN Summit in Kuala Lumpur, Malaysia, October 27, 2025.   Canada’s federal government is preparing to unveil a sweeping $36 billion infrastructure fund as part of its upcoming budget. The initiative will target housing, transportation, and healthcare projects , aiming to stimulate economic growth while addressing pressing national needs. The fund represents one of the most significant infrastructure commitments in recent years. By channeling billions into local projects, Ottawa hopes to ease housing shortages, modernize public transit, and expand healthcare facilities . These investments are also expected to create jobs and provide long-term economic benefits, particularly in rapidly growing urban centers. In addition to infrastructure spending, the budget is anticipated to include measures to phase out older military fleets in order to reduce maintenance costs, while simultane...
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Stock Market Update: Stocks Find Footing as Powell Chills Rate Cut Hopes



US stocks rose on Friday after a stellar month, as investors awaited Fed Chair Powell’s remarks on monetary policy. The S&P 500, the Dow Jones and the Nasdaq all gained around 0.5% or more.

Powell warned that it would be “premature” to conclude that the Fed was done with rate hikes or to speculate when rate cuts could begin. He said the Fed would be guided by data and not by market expectations. He also said inflation had cooled to its lowest levels since 2021.

Oil prices steadied after falling on Thursday, when OPEC+ agreed to cut output by 1.2 million barrels per day. However, investors remained skeptical about the effectiveness of the deal to balance the oil market and support prices. WTI crude traded around $76 a barrel, while Brent was below $83.


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