Budget to include $50-billion local infrastructure fund

Tuesday’s federal budget will announce a $50-billion fund for local infrastructure, including housing, transportation and a specific stream for health infrastructure such as hospitals and emergency services, a senior government official told The Globe and Mail.

The source said the budget will also lay out a plan to retire aging military fleets as a way to save money on maintenance costs while the Canadian Forces wait for a wide range of new equipment that will be purchased through billions in increased defence spending.