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2023 Fall Economic Statement

Building a strong economy that works for everyone

The 2023 Fall Economic Statement delivers the next phase of the government’s economic plan to help create good jobs, build more homes, and make life more affordable.


Canada’s Housing Action Plan

The government is taking action to build more homes, faster, while protecting renters, buyers, and homeowners.

Read more about Canada’s Housing Action Plan.

Making life more affordable

The government is continuing to deliver on its economic plan to help make life more affordable for Canadians.

Read more about the government’s plan for a strong middle class.

Building an economy that works for all Canadians

The government is announcing the next steps to build a stronger economy, fight climate change, and create great careers for Canadians.

Read more about the government’s plan to grow Canada’s economy.

Delivering for Canadians

more Canadians employed than when the pandemic hit
Canadians have opened Tax-Free First Home Savings Accounts
2.3 million
Canadians lifted out of poverty since 2015
11 million
Canadians received a grocery rebate in July

Economic and fiscal overview

State of Canada’s economy

Canada’s economy has remained resilient after a strong recovery from the pandemic. Read more about the Canadian economic outlook and the government’s responsible fiscal plan.

Economic and fiscal projections

The IMF projects that Canada will have the strongest growth in the G7 next year. Read more about detailed economic projections, the government’s budgetary outlook, and its plan to maintain both the lowest deficit and net debt-to-GDP ratio of all G7 countries.

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