Prime Minister Mark Carney introduced new measures to make groceries and other essentials more affordable, helping Canadians put more money back in their pockets

Canada’s new government is focused on what we can control: building a stronger economy and making life more affordable for Canadians. To achieve this, we are strengthening trade and investment partnerships abroad and supporting growth at home – creating good career opportunities with higher wages.

Yesterday, Prime Minister Mark Carney introduced new measures to make groceries and other essentials more affordable, helping Canadians put more money back in their pockets.

Key Highlights:

Putting more money back in Canadians’ pockets

• Canada Groceries and Essentials Benefit: Increased by 25% for five years starting July 2026, plus a one-time payment equivalent to a 50% increase this year.
• Families of four could receive up to $1,890 this year, and about $1,400 annually for the next four years. Single Canadians could receive up to $950 this year.

Tackling food insecurity, supporting producers, and strengthening supply chains

• Supporting Food Security: $500 million through the Strategic Response Fund and $150 million Food Security Fund to help businesses manage supply chain costs and support local food production.
• Immediate Relief for Families: $20 million for local food banks and infrastructure ensures more nutritious food reaches families in need.
• National Food Security Strategy: Includes measures such as unit price labelling and strengthened monitoring of competition in food supply chains.

These measures build on ongoing efforts to make housing, school meals, and transportation more affordable, while strengthening Canada’s economy and food system for the future.

For more information, please see the news release here

Our government is committed to building a stronger economy with more jobs and higher wages, while also lowering costs to make life more affordable. That’s how we’ll empower more Canadians with greater certainty, security, and prosperity – now, and into the future.