Carney vows to transform Canada economy to withstand Trump

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Canada's Prime Minister Mark Carney speaks astatine  a property   league  successful  Ottawa, Ontario, connected  May 2, 2025Canada's Prime Minister Mark Carney speaks astatine a property league successful Ottawa, Ontario, connected May 2, 2025. Photo: PATRICK DOYLE / AFP
Source: AFP

Prime Minister Mark Carney promised Friday to oversee the biggest translation of Canada's system since the extremity of the Second World War to alteration it to "stand up" to Donald Trump.

Carney led the Liberal Party to a melodramatic 4th mandate successful elections connected Monday aft a run focused connected the US president's threats to Canada's economy and sovereignty.

Liberals fell conscionable abbreviated of the 172 seats needed for bulk power of parliament, but with 169 confirmed wins they volition beryllium successful a beardown presumption to walk legislation. Recounts successful 2 intimately contested electoral districts saw the enactment suffer a spot successful Quebec state but summation different successful Ontario.

At his archetypal property league since his victory, Carney struck a determined note.

Known for weighing his words carefully, helium said that helium was "in politics to bash large things, not to beryllium something."

"And present that Canadians person honored maine with a mandate to bring astir large changes quickly, I volition enactment relentlessly to fulfill that trust," helium said.

Trump talks

Canada's strained relations with the United States -- historically, its adjacent state and biggest trading spouse -- was among his "immediate priorities," helium said, announcing a travel to Washington adjacent Tuesday to conscionable with Trump connected commercialized and information issues.

Canadians elected him "to basal up to President Trump," helium said, adding that helium volition enactment "with absorption and determination."

"Our absorption volition beryllium connected some contiguous commercialized pressures and the broader aboriginal economical and information narration betwixt our 2 sovereign nations," said Carney.

But helium warned besides not to expect immoderate "white smoke" from their archetypal gathering signaling a abrupt breakthrough.

Carney reiterated his connection from the run that helium believes the aged narration betwixt the 2 North American neighbors "based connected steadily expanding integration is over."

"The questions present are however our nations volition cooperate successful the future," helium said.

Trump "respects strength," helium added, explaining that this was wherefore helium was preparing the state for large changes including a monolithic build-up of infrastructure and caller housing.

The Conservatives, the main absorption party, arsenic good arsenic the Bloc Quebecois, the third-largest enactment successful Parliament, some called for unity aft the elections to combat US levies including connected the automotive and alloy sectors.

Carney, who antecedently headed the Bank of Canada and the Bank of England, promised to support counter-tariffs connected American products arsenic agelong arsenic Washington's measures were successful place.

'Economic destiny'

"This volition beryllium an incredibly breathtaking clip arsenic we instrumentality power of our economical destiny to make a caller Canadian economy," Carney said.

To this end, helium promised to abolish existing commercialized barriers betwixt Canadian provinces by July 1 to grow the economy, and to fortify commercialized with "reliable allies."

"Canada has what the satellite needs, and we uphold the values the satellite respects," helium said.

He announced besides that helium would unveil his caller Liberal authorities successful the week of May 12 and that parliament would instrumentality connected May 26.

King Charles III -- Canada's caput of state, arsenic it is simply a British Commonwealth state -- volition present the opening speech, Carney said.

"This is simply a historical grant which matches the value of our times," helium emphasized.

"It intelligibly demonstrates the sovereignty of our country," helium said successful a pointed notation to Trump's ambitions to marque Canada the 51st American state.

The ceremonial speech, which marks the opening of a caller league of the Canadian Parliament and outlines the government's goals, is usually delivered by the politician general, who is the King's typical successful the country.

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Source: AFP

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