Ottawa unveils major cost-of-living relief for Canadians and newcomers

Prime Minister Mark Carney has announced a comprehensive affordability package designed to help all Canadians, including newcomers, manage rising costs. The centrepiece is the Canada Groceries and Essentials Benefit, which boosts support by 25% over five years starting July 2026, with families of four receiving up to $1,890 this year. The government is also dedicating $500 million to prevent businesses from passing supply chain costs to consumers, creating a $150 million Food Security Fund for small enterprises, and investing $20 million in food banks. These measures aim to strengthen Canada's economy while ensuring everyone has access to affordable essentials during uncertain times.

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