Prime Minister Justin Trudeau, March 6, 2025
Excerpt: "With these extensions, provinces and territories will receive $36.8 billion to move forward on progress to create new child care spaces, reduce waitlists, and hire more early childhood educators across the country. Affordable child care is good for kids and parents, and it’s good for the economy as well. With this increased and continued investment in early learning and child care, more parents – especially women – can enter the workforce and advance their careers. That means more good-paying jobs, more opportunities for early childhood educators, more economic growth across our communities, and a stronger, fairer Canada for everyone. It is estimated that for every dollar invested in child care, the economy gets $2.80 in return – a testament to the fact that affordable child care is good for families, and good for our country.
Along with extending these agreements, we are also increasing the funding that they provide by 3 per cent per year for four years, starting in 2027-28, to help make sure that federal funding keeps up with the cost of child care operations."
