Carney Aims for Building Boom as Canada’s Tax Revenue Rises (1)

Prime Minister Mark Carney chose to spend a revenue windfall on measures to support building projects to boost exports, leaving Canada’s fiscal trajectory little changed.

An economic update released Tuesday shows Carney’s agenda remains the same as in his government’s November budget, with the country running deep deficits to invest in infrastructure, defense and housing to offset the damage from US tariffs.

The two marquee measures in the document are a sovereign wealth fund, aimed at financing projects such as pipelines and ports, and a hiring and training program to grow the number of skilled trades workers.

“We’re building ...