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Philip Cross: Mining up, manufacturing down, despite industrial policy

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10.04.2026

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Philip Cross: Mining up, manufacturing down, despite industrial policy

Ottawa lavishes money on central Canadian industry but what grows is mining, including oil and gas. Let's stop trying to overrule markets

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Canadian manufacturing output has been declining steadily since well before Donald Trump’s tariffs targeted the sector. The decline is despite hefty subsidies in industries targeted by government industrial policy as potential hotbeds for growth. So far, such investments have not paid off in terms of higher factory output.

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