Even with the dust that is still established in the results of the federal elections, the clock has already begun to mark the promises of Mark Carney to unite and build the Canadian economy.
“We will have to do the things that were previously thought of impossible at speeds that we have not seen in generations,” Victoria said in his Tuesday morning.
Carney, a former central and political banker for the first time, has campaigned as a quiet and stable hand, an experienced economist who knows how to navigate a crisis. In the center of that campaign, it was a promise to build the economy in a way that would reduce the dependence of the USA. And would compensate for the potentially catastrophic impact of Donald Trump’s tariffs.
“It’s time to build new commercial and energy corridors that work in association with the provinces [and] Indigenous territories and peoples, “Carney told Liberal supporters.
“It’s time to build hundreds of thousands of jobs not only for good jobs, but also good careers in qualified trades. It is time to incorporate Canada into an energy superpower both in clean and conventional energy.”
But that will be easier to say it.
“We don’t have time. We need to get going. The world is not going to wait,” said Goldy Hyder, president and CEO of the Canadian Business Council.
https://www.youtube.com/watch?v=c5tarjwehki
A clear problem
There are dozens of open letters and lists of demands of industry associations and commercial alliances. In or close to the top of all of them there is an impulse to tear down interprovincial commercial barriers. Although Canadian companies disagree with these barriers for years, the political will to solve the problem that only develops in front of Trump’s rates and threats to Annexar Canada.
This was evident on Tuesday morning, since the results of the elections were becoming clear. The news emerged from the White House from a potential change in tariff policy that would exert further pressure on car manufacturers to transfer their parts supply chains to the United States (and outside Canada). Trump signed the new plan through the executive order on Tuesday afternoon.
The crisis that awaits the new liberal government is actually a series of many different problems. Tariffs and commercial war pose a complete set of challenges. But they also expose the underlying weakness that has been built in Canada’s economy for years.
For its part, Carney has said that he has pledged to see a more open and freer trade in this country for Canada’s day. And Ottawa had already begun the process of breaking down many barriers earlier this year.
“The point is that we can give ourselves much more than Americans can remove,” he said in his speech.
Economists say there are a lot of ways to grow the economy. And many mention the fact that there is already a fairly widespread consensus about what needs to be done.
A TD Economics report highlights what it called “significant alignment” in areas such as defense spending, resources development, rates, fiscal and housing policies.
“And now the rubber reaches the path on collaboration and negotiations, with the liberals trapped between the demands of the US administration and those of internal politics,” wrote the main economist of TD Blessed Caranci along with high -level economists Andrew Hencic and Francis Fong.
Additional tensions
Minority governments often make this type of work more difficult, but the TD economy team says that with 84.9 percent of the voter Canadians who throw their support for conservatives or the liberals, they also sent the message that they expect those parties to get along.
After all, there was a significant policy overlap in the campaign. The conservatives complained that the liberals adopted several key platform ideas of the party ranging from cutting income taxes and consumer carbon tax to the increase in defense spending.
“It is crucial that the broader interests of Canada prevail,” the TD team wrote.
The pressure on the new government will be huge. Canadians expect Carney to fulfill their promises. And industry associations are already highlighting the commitments it made throughout the campaign.
“This election marked a defining change in the energy future of Canada,” wrote Mark Scholz, CEO of the Canadian Association of Energy Contractors in a statement apparently congratulating the new prime minister. “The Canadians spoke clearly: the debate is no longer whether to develop our natural resources, but how fast and bold we can advance.”
At the same time, about eight million Canadians voted for the conservatives, and the anger and dissatisfaction of the west of Canada with the liberals are reaching a feverish point.
Alberta Prime Minister Danielle Smith said several times that he won’t let the status quo continue.
“We will no longer tolerate our industries threatening and our resources without coastline for Ottawa,” he wrote in a publication on social networks after the elections.
The prime minister continued to say that Albertans will discuss the future of his province in the coming weeks and months.
“[We will] Evaluate several options to strengthen and protect our province against future hostile acts of Ottawa and, ultimately, choose a path to follow, “the Alberta Premier wrote.
But the solution to economic problems can also be the solution to political problems.
If Carney can fulfill his promise and really expand the economy, turn Canada into an energy superpower, expand contracting and increase wages, much of the case against him will be diminished.
If you do not meet those promises, the cascade crisis series can be aggravated and worse.
