'Build, baby, build': Canada PM's plan to counter Trump
Mark Carney's government launched the Major Projects Office to fast-track $500 billion in infrastructure, aiming to reduce US trade reliance and open markets in Europe and Asia.
- Canada's unemployment rate rose to 7.1% in August, the highest outside the pandemic since 2016, with job losses linked to U.S. tariffs impacting the autos, steel, and aluminum sectors.
- Canada plans to invest $500 billion in infrastructure to boost internal trade and reach new markets in Europe and Asia, announced during Prime Minister Carney's visit to Germany.
- Energy Minister Tim Hodgson stated that Germany has expressed strong demand for Canadian liquefied natural gas, indicating a shift in trade focus.
- Greenpeace criticized Prime Minister Carney for supporting 'climate-wrecking infrastructure' while emphasizing the need for clean energy alternatives.
49 Articles
49 Articles
'Build, baby, build': Carney's plan to counter Trump
Read: 2 min On the night he won Canada’s election, Prime Minister Mark Carney summarized his plan to jumpstart the country’s economy in response to President Donald Trump’s threats. “Build, baby, build!” Carney said to a jubilant crowd of Liberal party supporters in April. In the early weeks of his first term, Carney’s plans to build have taken shape, headlined by the new “Major Projects Office,” launched last month to spearhead the construction…
By Geneviève NORMAND. Ports, highways, mines, pipelines... Buoyed by the attacks of Donald Trump, Canada is embarking on a series of major projects to diversify its activities, break its dependence on the American market and avoid an economic crisis. As soon as it was elected in April, Prime Minister Mark Carney had announced the colour: "Let's build on all-va" (------------------------------------------------------------------------------------…
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