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May 1, 2026

Key Takeaways: Federal Spring Economic Update with Minister Olszewski

Small Business Week Kickoff A Conversation with Minister Joseph Schow (7)

The Edmonton Chamber of Commerce welcomed Minister Eleanor Olszewski for a luncheon focused on the Spring Economic Statement and its implications for Edmonton’s business community. The discussion reinforced a message that strongly aligns with what we hear from local businesses: strategic investment, resilience, and positioning Edmonton as a competitive global city. 

Here are the key takeaways. 

Canada strong reflects Edmonton business priorities 

Minister Olszewski emphasized the “Canada Strong” approach rooted in strategic investment and longterm opportunity. With global supply chains shifting and competition for investment increasing, the federal approach is centered on reducing reliance on single trading partners and strengthening Canada’s role as a consistent exporter. Keeping cash flow in Canada and supporting businesses to diversify markets were highlighted as critical to longterm resilience. 

Alberta SMEs are central to growth 

There was strong recognition that Alberta’s economy is far more than oil and gas. Small and mediumsized enterprises across the province are driving innovation, exports, and job creation. Federal tools, including PrairiesCan funding, are available to help Alberta businesses access new export markets, scale up, and manage tariff pressures. By continuing to take advantage of programs available, Alberta businesses can grow their export networks and thrive.  

Competitiveness drives resilience 

Scaling up, innovating, and attracting investment were repeatedly emphasized as essential to competing globally. Canada’s recent economic performance was highlighted, including strong growth among G7 peers and a reduced budget deficit by CAD 11 billion, reinforcing the importance of maintaining a businessfriendly environment. 

Canada Strong Fund creates opportunity for Alberta 

The Canada Strong Fund gives Canadians a direct stake in building a stronger economy while attracting investment to regions like Alberta. Operating as a crown corporation, the fund aims to be professional and transparent, presenting new opportunities for Edmonton and the province. 

Edmonton as a global connector 

Trade route mapping positions Edmonton as a strategic “north star” for goods and services. Working together to build on this advantage was framed as a pathway to realizing Edmonton’s potential as a truly global city. With defense investments coming, Edmonton businesses have the opportunity to grow. 

Didn't make it? You missed a great one! 

Chamber members get a front-row seat to conversations like this — with the people making the decisions that shape your business. Become a member and check out what's coming up next. 

Have your say.

The Edmonton Chamber wants to hear from you. What are the top issues and priorities for your business? Start the conversation by writing to policy@edmontonchamber.com 

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