From reliance to resilience: Budget 2025 delivers new investments to Buy Canadian and empower small and medium-sized businesses to strengthen Canada's economy Français

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Innovation, Science and Economic Development Canada

Nov 10, 2025, 11:00 ET

WINDSOR, ON, Nov. 10, 2025 /CNW/ - The Government of Canada is building the strongest economy in the G7--an economy rooted in Canadian workers, Canadian materials and Canadian innovation. As global trade becomes more uncertain, we are choosing to build our strength at home.

Last September, the Right Honourable Mark Carney, Prime Minister of Canada, announced a new Buy Canadian Policy, moving the federal government from "best efforts" to a clear obligation to buy Canadian. The policy will ensure that government procurement focuses on made-in-Canada products, strengthens domestic supply chains, supports local jobs and keeps public investment circulating in our economy.

Today, the Honourable Rechie Valdez, Minister of Women and Gender Equality and Secretary of State (Small Business and Tourism), outlined nearly $186 million in new funding from Budget 2025 to fully implement the Buy Canadian Policy. The funding will ensure the policy delivers lasting results for Canadian businesses and workers--building capacity and increasing competition at home, streamlining processes, and better supporting small and medium-sized Canadian businesses to help them access opportunities more easily.

Through Budget 2025, the government proposes to do the following:

  • Provide $98.2 million over five years, starting in 2026–2027, and $9.8 million ongoing, to Public Services and Procurement Canada, as well as $7.7 million over three years to the Treasury Board Secretariat, to implement the Buy Canadian Policy across all federal departments, agencies and Crown corporations, such as VIA Rail and Alto, which is responsible for Canada's new high-speed railway between Toronto and the City of Québec.
  • Provide $79.9 million over five years, starting in 2026–2027, to Innovation, Science and Economic Development Canada to support the previously announced Small and Medium Business Procurement Program. The implementation of the Buy Canadian Policy, coupled with this support, will spur domestic demand and create opportunities for economic growth in areas of strategic interest to the country. This will ensure that Canadian small and medium-sized enterprises (SMEs) can access federal contracts and compete on a level playing field.

The policy will enter into force this month and initially apply to defence, construction and other strategic procurements, with full implementation to come by spring 2026. It will extend to infrastructure spending and other federal funding streams, ensuring that as much as $70 billion in additional public investment supports Canadian-made products and services.

The government is on a mission to build Canada strong through major infrastructure projects, a modern defence industry and millions more homes. Through the new Buy Canadian Policy, we are making government a force for nation-building--making Canada its own best customer, protecting Canadian businesses and empowering our workers with high-paying careers that build prosperity at home.

Quotes

"Small and medium-sized businesses are the heart of Canada's economy. They are innovators, employers and community builders that drive our country forward. Through the Buy Canadian Policy and the Small and Medium Business Procurement Program, we are strengthening supply chains, streamlining access to federal opportunities and ensuring that businesses of all sizes have a fair chance to compete and succeed. When we buy Canadian, we are supporting good jobs, strengthening our economy and building prosperity here at home."
– The Honourable Rechie Valdez, Minister of Women and Gender Equality and Secretary of State (Small Business and Tourism)

Quick facts

  • The Buy Canadian Policy was first announced on September 5, 2025, as part of a broader suite of strategic measures to support Canadian workers and businesses in sectors most impacted by U.S. tariffs and trade disruptions.
  • As part of that announcement, the government committed to setting up a Small and Medium Business Procurement Program to help Canadian SMEs access federal procurement opportunities.
  • The Buy Canadian Policy will initially focus on Canadian steel, wood products and aluminum as pillars of Canada's industrial base, with flexibility to add other materials over time. Incentives for Canadian suppliers and Canadian content will also apply to strategic procurements to strengthen Canadian participation.

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SOURCE Innovation, Science and Economic Development Canada

Contacts: Sarphina Chui, Press Secretary, Office of the Minister of Women and Gender Equality and Secretary of State (Small Business and Tourism), [email protected]; Media Relations, Innovation, Science and Economic Development Canada, [email protected]

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Innovation, Science and Economic Development Canada