Liberal leadership contender Mark Carney has announced plans to implement deficit spending aimed at stimulating Canada’s economic growth. In a recent interview, Carney emphasized the necessity of strategic investments in critical sectors to enhance the nation’s economic resilience.
Carney, the former Governor of the Bank of Canada, outlined a fiscal strategy that includes running a deficit to fund key infrastructure projects. He stated that such investments are essential for national development, especially in the face of external economic pressures.
“We must invest in our economy to build the infrastructure necessary for growth,” Carney asserted. He highlighted areas such as housing, energy infrastructure, artificial intelligence, and trade corridors as focal points for these investments.
In addition to his investment plans, Carney committed to balancing the federal government’s operational spending within the next three years. This approach aims to ensure that while the government invests in growth, it maintains fiscal responsibility in its day-to-day expenditures.
Addressing energy policy, Carney expressed support for the concept of a west-east oil pipeline, an idea that has gained renewed attention amid recent trade tensions. He emphasized the importance of building new pipelines for conventional energy and accelerating approvals for both traditional and clean energy projects.
Carney also underscored the need to dismantle interprovincial trade barriers, proposing a collaborative effort with provincial leaders to create a more unified national economy. “We need to work together to ensure Canada operates as one economy, not thirteen separate entities,” he stated.
These policy proposals come as Carney seeks to position himself as a forward-thinking leader capable of navigating Canada through economic challenges and enhancing its global competitiveness.