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Finance Minister Francois-Philippe Champagne rises during question period in the House of Commons on Parliament Hill in Ottawa on Monday, Oct. 26, 2026. THE CANADIAN PRESS/Keito Newman

Federal budget is about ‘changing Canada’s growth model,’ finance minister says

Nov 2, 2026 | 7:37 AM

TORONTO — Finance Minister Francois-Philippe Champagne says the federal budget he will table later this week is about “changing Canada’s growth model.”

Champagne spoke at the Canadian Club Toronto over breakfast today to give business leaders a preview of what to expect in Thursday’s federal budget.

He said the government is focused on unlocking private investment and boosting productivity, which has lagged for years in many sectors of the economy.

Champagne suggested the budget will talk about how new tax incentives can help small businesses.