Carney’s grand vision is matched only by the small-mindedness of Ottawa’s bureaucracy
Prime Minister Mark Carney's ambitious economic agenda, including a $25-billion Canada Strong Fund, aims to reshape Canada's industrial and trade policies amid global economic shifts. However, the plan faces significant challenges from a risk-averse federal bureaucracy, deep-rooted reliance on the United States, and longstanding resistance to industrial intervention. These cultural barriers within Ottawa's public service may hinder the effective implementation of Carney's strategic vision.
- ▪The Spring Economic Update outlines a $25-billion Canada Strong Fund to invest in strategic Canadian projects and companies.
- ▪Prime Minister Mark Carney emphasizes taking calculated risks, stating 'The risk is not to take risk.'
- ▪The 2006 Federal Accountability Act contributed to a risk-averse culture in the federal public service.
- ▪Energy and Natural Resources Minister Tim Hodgson criticizes the overreliance on U.S. energy exports, calling it a 'strategic blunder.'
- ▪The government is advancing a Defence Industrial Strategy that prioritizes buying Canadian and building domestic industrial capacity.
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Open this photo in gallery:People walk past the Peace Tower on Parliament Hill.Sean Kilpatrick/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountEugene Lang is an assistant professor in the School of Policy Studies, Queen’s University. Brigid Waddingham is a public policy researcher at the School of Policy Studies, Queen’s University“The global economy is more than a year into a profound rupture. Economic security, industrial policy, and geopolitical competition are increasingly shaping investment, trade, and financial decisions.”So says Ottawa’s Spring Economic Update.
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