Mr. Speaker, as this is the last time I will be speaking in the House before the summer, I would like to take a moment to pay tribute to those we typically see less of, and without whom our work here would quite simply be impossible.
Every day, behind each of our speeches, debates, votes and committee proceedings, there are hundreds of dedicated professionals who ensure that this institution runs smoothly. I am thinking of the clerks, analysts, interpreters, translators, pages, security personnel, technicians, IT staff, administrative support teams and employees in catering, maintenance, transport and communications, as well as all the staff of the House of Commons Administration.
I am also thinking of all the civil servants and employees in the various departments and agencies who work diligently, with professionalism and impartiality in the service of the Canadian people. Their work is often behind the scenes, but it has an immense impact. Thanks to their expertise, patience and commitment, we are able to fulfill our mandate of representing our citizens and making progress on the issues that matter to Canadians. On behalf of all MPs, I would like to express our deep gratitude. Their dedication contributes to the vitality of our democracy and the strength of our institutions every single day.
I would also like to highlight the exceptional work of our constituency and parliamentary office employees. They are the ones who answer calls, greet constituents, help people navigate their dealings with government departments, organize our meetings, prepare our files and enable us to be present both in our ridings and in Ottawa. They are often the first to hear constituents' concerns and the last to leave the office when an urgent matter needs to be resolved. Their dedication, compassion and professionalism improve the lives of thousands of Canadians in very real ways.
Although our debates sometimes pit us against one another, we all share the good fortune of being supported by competent and committed people who work behind the scenes to move things forward. I would like to sincerely thank all of the women and men who serve our democracy with discretion, integrity and dedication. In particular, I want to thank Nancy, Souraya, Nicholas, Aboubacar and Myriam. I am proud to work with them.
I rise today to speak to the economic update from a perspective that hits home for me, especially as a father and grandfather, and that issue is youth. Current and future generations are the ones building our country's future amid an uncertain, unprecedented and constantly changing environment. Young Canadians embody what is best about Canada: its openness, vibrancy, curiosity, diversity and ambition. They have ideas, opinions and talents and are unafraid of challenges. They want to contribute, build, create and innovate. They want a country that gives them a real chance at success. More than anything, they want to contribute and do their part. Well, this spring, the government reaffirmed the need to invest in them and to ensure that no young person in this country feels abandoned by the government when it comes to rising to the challenges of current, potential or future issues. This is exactly what this economic update is proposing through a host of important measures.
First, let us talk about the team Canada strong initiative, an ambitious plan to recruit, train and hire up to 100,000 young skilled tradespeople by 2030. One of the best ways to support the younger generation while ensuring Canada's prosperity and resilience today and for years to come is to invest in jobs. Team Canada strong provides Canadian workers with paid work placements that lead directly to essential jobs building homes, modernizing infrastructure and strengthening our security. With paid internships, up to $10,000 in grants per apprentice and a $5,000 bonus upon Red Seal certification, we are equipping young people to specialize in an exciting trade while building the Canada of tomorrow.
Then there is education. According to the Organisation for Economic Co-operation and Development, Canada has the most educated population in the world. That is an immense asset, but it is meaningless if even one young person is left behind. No one in Canada should go without an education because they cannot afford it. That is why we are extending the increase in scholarships and interest-free student loans. More than 570,000 students will receive increased support, and more than 420,000 will have access to subsidized loans. That is a direct investment in young people, allowing them to reach their full potential and contribute to our country's growth and economic development.
I am also thinking of young families who have been facing significant increases in the cost of living in recent years due to international upheaval and conflicts beyond our control. The economic update accelerates the construction of rental housing and reduces construction costs. It also includes a national school food program that will provide 400,000 children with access to healthy meals and save parents nearly $800 a year. In addition, it provides for an increase in the Canada child benefit and the Canadian dental care plan, as well as a reduction in child care costs.
This economic update is not just a financial plan. It is a commitment to Canada's youth and a message of hope, confidence and responsibility. We cannot predict Canada's future. We must build it with our young people. Earlier, I spoke about the Red Seal. The Red Seal represents Canadian excellence in many trades. It certifies that a worker has met the highest standards of skill recognized across the country. Whether they are an electrician, welder, industrial mechanic, carpenter or work in one of the many other eligible trades, Red Seal holders can practise their profession from coast to coast to coast, knowing that their qualifications are recognized everywhere. This certification allows workers to seize opportunities wherever they arise and gives employers access to recognized expertise, no matter where in the country they are located.
The Red Seal is more than just a certification. It is a symbol. It serves as a reminder that excellence is not limited to boardrooms and research labs. It can also be found in our workshops, on our construction sites and in our factories. In my riding, Beauport—Limoilou, and throughout Quebec and Canada, many business owners are talking about how hard it is to recruit skilled workers, who are essential to our economy. They are essential to our ability to build faster, produce more and innovate. That is why we continue to promote skilled trades among young people, individuals in the process of changing careers and newcomers who want to contribute to our economy.
Lastly, Canada has what the world wants. We are a true energy superpower, in both clean energy and conventional energy. We also have immense reserves of the critical minerals that are essential to the global energy transition and the technologies of tomorrow. We enjoy privileged access to international markets through free trade agreements with countries that represent more than 1.5 billion consumers. We are already beginning to see the results.
In just 12 months, Canada has developed more than 20 new economic and defence partnerships with international partners. These efforts have helped to bring in nearly $97 billion in foreign investment to our economy. This is just the beginning. In September, our government will be hosting the first-ever Canada investment summit. This event will bring together investors, businesses, institutional partners and decision-makers to showcase the unique opportunities that Canada has to offer.
We have the resources, the talent, the institutions and the economic and political stability that investors around the world are looking for. Now, we also have a clear plan to turn this advantage into growth, into well-paying jobs and into lasting prosperity for future generations.