FIRST READING: The easy fixes Carney isn't doing
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FIRST READING: The easy fixes Carney isn't doing
If his whole plan to boost the economy, there are many levers he hasn't pulled
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FIRST READING: The easy fixes Carney isn't doing Back to video
One year into the tenure of Prime Minister Mark Carney, it would be fair to say that his government is already flagging on its management of the economy, arguably the singular issue for why it was elected.
Unemployment is up. Deficits are high. Manufacturing is down. And the trade war with the United States – which Carney had once pledged to wrap up by last June – is now lurching into stalemate as U.S. negotiators pledge to take a hard line on renegotiations of the Canada-United States-Mexico Agreement (CUSMA).
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Carney’s economic strategy has focused heavily on offices and documents pledging to reverse all of these trends. A memorandum of understanding to build a pipeline to the Pacific. A Major Projects Office promising to “unlock Canada’s economic potential.” And nearly a dozen non-committal trade “deals” with non-U.S. countries.
But all the while, his government is neglecting some of the country’s most obvious economic fixes — fixes that are often cited by economists and business leaders as to why Canada’s fiscal decline persists.
Below, a cursory guide to some of the easier economic........
