The Liberal Party, now led by Mark Carney, has secured a fourth consecutive term, albeit once again with a minority mandate.

This time, however, the Liberals have a stronger hand, as they can rely not only on the NDP but also the Bloc Quebecois to maintain power. This broader base of parliamentary support could provide much-needed political stability at a crucial time, particularly as Canada prepares for a new round of trade negotiations with the United States and Mexico.

For the agri-food sector, the implications are significant. First and foremost, carbon pricing will remain a central issue. Carney has made it clear that the industrial carbon tax will stay — a policy that continues to erode the competitiveness of Canada’s agri-food sector.

The tax, currently set at $95 per metric tonne, is scheduled to climb to $170 by 2030. While consumers may not see this tax directly, businesses certainly do.More concerning is the Liberals’ intention to introduce a border carbon adjustment for imports from countries without equivalent carbon pricing regimes.

While this could theoretically protect Canadian industry, it........

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