‘Sign of confidence’: Edmonton reacts to Budget 2025
Global News
The federal government is calling its spending plan 'generational investments,' and the Edmonton Chamber of Commerce says it is on the right track.
One day after the federal budget, provincial and municipal leaders are trying to figure out what it means for hundreds of projects in Alberta.
The federal government is calling its spending plan “generational investments,” and the Edmonton Chamber of Commerce says it is on the right track.
“We’re really encouraged by this budget. This budget really has a strong economic focus and I think one of the things that we’re seeing is historic levels of public investment,” said Heather Thomson with the Edmonton Chamber of Commerce.
Some of Ottawa’s investments include $115 billion over five years on infrastructure, and $25 billion on housing over five years.
The chamber believes the budget could set up both the country and Alberta for international trade with partners outside of the United States. Thomson also says that while there is strong investment, it could take decades before we see a return on it.
“Edmonton’s economy and Canada’s economy in general needs significant investment and it’s also a great sign of confidence. With the tariffs, and a whole bunch of other economic things that happened over the last year, we’re not seeing investment the way we would like to,” Thomson said.
Edmonton Mayor Andrew Knack believes the money could help the city accommodate its growing population. He notes the Rapid Fire Theatre and Bissell Centre received funding.
After Knack’s recent conversation with Prime Minister Mark Carney, he says this is a positive sign.
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