Carney’s “Build, baby, build” strategy includes a new Major Projects Office to fast-track the construction of ports, highways, mines, and a potential oil pipeline.
“We are moving at a speed not seen in generations,“ Carney stated, emphasising the urgency required as Trump reshapes the global economy.
Canada’s unemployment rate reached 7.1% in August, the highest level since 2016 outside of the pandemic period.
Carney has insisted Canada must break its decades-long reliance on US trade by revitalising internal commerce while pursuing new markets in Europe and Asia.
Energy expert Jay Khosla noted that this building momentum would not have been possible without the threat posed by Trump’s policies.
Canada ranks as the world’s fourth largest oil exporter with the third largest crude reserves, mostly located in Alberta.
In a shift from his predecessor Justin Trudeau’s climate-focused approach, Carney’s government now supports exporting liquefied natural gas to Europe.
Carney has repeatedly stated that Canada can become an energy superpower despite opposition from environmental groups.
Indigenous leaders have expressed concerns about the environmental impact of these rapid development projects.
“Let’s take the time and do things properly,“ Woodhouse stated, emphasising the need for proper consultation and environmental safeguards. – AFP
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