Prime Minister Mark Carney kicks off the first-ever Canada Investment Summit in downtown Toronto, September 15, 2026. Photo courtesy Mark Carney/Facebook.

Just a few short hours after protesters marched against the selling off of Canada’s public assets, Prime Minister Mark Carney made a big announcement at his much-touted trillion-dollar “Investment Summit” in downtown Toronto. And just like his Davos speech earlier this year, the PM’s latest move contains a fundamental contradiction.

After declaring that his core objective was to “increase our sovereignty,” Carney proceeded to announce a new “productivity mega deduction”—a massive corporate tax cut that his government estimates will cost a government already in desperate need of tax revenue another $8.5 billion each year.

Just like his plans for airport privatization, this measure further erodes Canada’s public capacity to decide how to use our resources, transferring more of that control to foreign private corporations—and they already have quite a lot of it. Instead of ensuring our sovereignty, the Carney government is auctioning off more and more control over Canada’s economy to whichever foreign oligarch has the deepest pockets.

If this were our first kick at the........

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