At the night of the Canadian elections, Prime Minister Mark Carney summarized his plan to start the country’s economy in response to President Donald Trump’s threat.
“Building, gold, build!” Carney said in April the joyful crowd of liberal party supporters.
In the first weeks of his first term of office, Carney plans were formed for construction, which started with the new “main project for projects” launched last month to head of ports, highways, mines and possibly new oil pipelines – a questionable item for groups concerning the environment.
The office, which is expected to announce their priorities in the coming days, was created after the Carney Liberals secured support between the parties to approve the legislation that seized their government to quickly monitor the “building of the nations”.
“We are moving at a speed that has not been seen in generations,” Carney said, the level of urgency that he claims is necessary because Trump transforms the global economy.
Trump’s threats for Canada’s attachment have been alleviated, but his trade war hurts the Canadian economy.
The American car tariffs, steel and aluminum have pressed three key sectors and led to loss of jobs.
The unemployment rate reached 7.1 percent in August, which is the highest level since 2016 outside the pandemic.
This “adds to the evidence that the trade war is taking its tax on the Canadian labor markets,” said Senior economist RBC Claire Fan this week.
Since entering politics at the beginning of this year, Carney insisted that Canada must interrupt the decades of relying on US trade by revitalizing internal trade in monitoring new markets in Europe and Asia.
During the visit of Germany last month Carney said that his government “releases half a trillion investment” in the infrastructure for energy, ports and other industries.
Jay Khosla, an energy expert in a public policy forum, said that the momentum that is being built would not be possible without Trump.
“We know that our economy is in danger,” he said, noting that Canada was “captured economically” because of its close state.
Canada is the fourth largest oil exporter in the world and its raw reserves are the third largest world.
Most of its resources are in the western province of Alberta, which exports almost exclusively to the United States, as Canada lacks infrastructure to effectively acquire energy products for other foreign markets.
Former Prime Minister Justin Trudeau, Carney’s predecessor, gave the climate change to the center of his political brand and faced criticism from some of his perceived insufficient support of the energy sector.
In the shift from the Trudeau era, Carney now supports the balance of liquefied natural gas (LNG) to Europe.
“What we have heard loudly and clearly from LNG buyers and LNG users is that they believe there is a demand and want to buy our products,” Tim Hodgson, Minister of Energy, said last week in Berlin.
Carney has repeatedly said that Canada “can be an energy superpower”.
But not everyone is excited about this plan.
Greenpeace accused the Prime Minister of the “climate writing infrastructure” and ignored clean energy.
Carney could probably promote in spite of the concerns of pro-climatic NGOs, but the support of indigenous leaders-for-protection of the environment is considered to be essential.
Despite Carney’s efforts to ensure indigenous support for their main projects, their concerns persist.
“We know what it is like to have Trump on our border. Let’s not do it and we have Trump’s policy,” said Cindy Woodhouse, the national chief of the first nations Assembly, to cross Carney’s support for energy infrastructure.
“Let’s take the time and make things right.”
(Tagstotranslate) Canada PM
