The Prime Minister unveils the Canada Groceries and Essentials Benefit, boosting the GST credit by 25% for five years and adding a one-time top-up to curb rising grocery and essential-item costs.

A family of four could receive up to $1,890 this year and about $1,400 annually over the next four years, while a single individual could get up to $950 this year and roughly $700 annually in the same period.

In the current year, beneficiaries will receive a one-time payment equal to 50 percent of the regular credit amount.

From Davos, Carney frames Canada’s approach against U.S. tariff threats, highlighting ongoing trade talks, CUSMA reviews, and a push to expand trade and security deals, including with India.

Carney notes Canada has brokered 12 new trade and security agreements in six months and signals more deals to come, stressing the need to build domestic capabilities for a shifting global trade landscape.

The Davos stance emphasizes diversifying trade partnerships as part of a broader middle-power foreign policy, with emphasis on expanding relations with countries like India.

Election dynamics are noted, with government officials saying there is no need for an early vote if Poilievre cooperates on the Carney plan to pass key bills.

Finance Minister Champagne says the measures aim to make life more affordable and strengthen resilience through better trade, investment, and supply chains.

Officials underscore boosting domestic food production, competition, and supply chains to create a more affordable and resilient economy.

The article emphasizes fiscal policy measures and their anticipated impact, while noting some site navigation cautions.

All figures and plans are presented with context from Canadian Press.

The Liberal minority government faces the hurdle of passing measures without a formal majority, relying on opposition cooperation amid affordability concerns.