Mark Carney is making a bet.

He believes massive public investing now will position the Canadian economy to grow in spite of the trade war and the shifting winds of global geopolitics.

By the 2030-31 fiscal year, the federal government will shoulder $85.5 billion in annual public debt charges. By then, Carney hopes the bet will have paid off and the economy will have undergone a transformation.

  • Scotty
    1·
    10 hours ago

    Most experts, including Khan, believe the government’s plan is a good idea. They say Canada has not taken steps to boost investment and productivity in years and it shows.

    The economy was weak before the trade war began; in 2022, the Bank of Canada warned productivity was reaching emergency, “break glass” levels.

    Maybe it’s just me but I think this is a somewhat strange headline given the content.

    Edit:

    I would disagree with some planned measures (such as selling public assets like airports, or betting too much on trade relationships with dictatorships like China), but in general many of the initiatives seem to be appropriate.