{"id":4692,"date":"2025-05-02T21:37:29","date_gmt":"2025-05-02T21:37:29","guid":{"rendered":"https:\/\/gunnewsusa.com\/index.php\/2025\/05\/02\/mark-carney-vows-to-transform-canadas-economy\/"},"modified":"2025-05-02T21:37:31","modified_gmt":"2025-05-02T21:37:31","slug":"mark-carney-vows-to-transform-canadas-economy","status":"publish","type":"post","link":"https:\/\/gunnewsusa.com\/index.php\/2025\/05\/02\/mark-carney-vows-to-transform-canadas-economy\/","title":{"rendered":"Mark Carney Vows To Transform Canada&#8217;s Economy"},"content":{"rendered":"<p><\/p>\n<div id=\"ignorediv\">\n                                        <!-- Story Text --><\/p>\n<p>Prime Minister Mark Carney promised Friday to oversee the biggest transformation of Canada&#8217;s economy since the end of the Second World War to enable it to &#8220;stand up&#8221; to Donald Trump.<\/p>\n<p>Mark Carney led the Liberal Party to a dramatic fourth mandate in elections on Monday after a campaign focused on the US president&#8217;s threats to Canada&#8217;s economy and sovereignty.<\/p>\n<p><!--MIDTABOOLA--><\/p>\n<p>Liberals fell just short of the 172 seats needed for majority control of parliament, but with 168 confirmed wins they will be in a strong position to pass legislation.<\/p>\n<p>At his first press conference since his victory, Mark Carney struck a determined note.<\/p>\n<p>Known for weighing his words carefully, he said that he was &#8220;in politics to do great things, not to be something.&#8221;<\/p>\n<p>&#8220;And now that Canadians have honored me with a mandate to bring about big changes quickly, I will work relentlessly to fulfill that trust.&#8221;<\/p>\n<p>Canada&#8217;s strained relations with the United States &#8212; its historically close ally and biggest trading partner &#8212; were his &#8220;immediate priorities,&#8221; he said, announcing a trip to Washington next Tuesday to meet with Trump on trade and security issues.<\/p>\n<p>Canadians, he noted, elected him &#8220;to stand up to President Trump,&#8221; adding that he will act &#8220;with focus and determination.&#8221;<\/p>\n<p>&#8220;Our focus will be on both immediate trade pressures and the broader future economic and security relationship between our two sovereign nations,&#8221; said Carney.<\/p>\n<p>But he warned also not to expect any &#8220;white smoke&#8221; from their first meeting signaling a sudden breakthrough.<\/p>\n<p>Carney reiterated his message from throughout the campaign that he believes the old relationship between the two North American neighbors &#8220;based on steadily increasing integration is over.&#8221;<\/p>\n<p><!--#VuukleAD--><\/p>\n<p>&#8220;The questions now are how our nations will cooperate in the future,&#8221; he said.<\/p>\n<p>Trump &#8220;respects strength,&#8221; he added, explaining that this was why he was preparing the country for major changes.<\/p>\n<p>The Conservatives, the main opposition party, as well as the Bloc Quebecois (the third-largest party in Parliament), both called for unity after the elections.<\/p>\n<p>Carney, who previously headed the Bank of Canada and the Bank of England, promised to maintain tariffs on American products as long as Washington&#8217;s measures were in place.<\/p>\n<p><!--#MIDAD1--><\/p>\n<p><strong>&#8211; &#8216;Economic destiny&#8217; &#8211;<\/strong><\/p>\n<p>&#8220;This will be an incredibly exciting time as we take control of our economic destiny to create a new Canadian economy,&#8221; Carney said.<\/p>\n<p>To this end, he promised to abolish existing trade barriers between provinces in Canada by July 1, and to strengthen trade with &#8220;reliable allies.&#8221;<\/p>\n<p>&#8220;Canada has what the world needs, and we uphold the values the world respects,&#8221; he said.<\/p>\n<p>He announced also that he would unveil his new minority Liberal government in the week of May 12 and that parliament would return on May 26.<\/p>\n<p><!--#MIDAD2--><\/p>\n<p>King Charles III &#8212; Canada&#8217;s head of state, as it is a British Commonwealth country &#8212; will deliver the opening speech, Carney said.<\/p>\n<p>&#8220;This is a historic honor which matches the weigh of our times,&#8221; he emphasized.<\/p>\n<p>&#8220;It clearly demonstrates the sovereignty of our country,&#8221; he said in a pointed reference to Trump&#8217;s ambitions to make Canada the 51st American state.<\/p>\n<p>The ceremonial speech, which marks the opening of a new session of the Canadian Parliament, is usually delivered by the governor general, who is the King&#8217;s representative in the country.<\/p>\n<p><!--#MIDAD3--><\/p>\n<p><i>(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n<p>                                                                                <!-- Featured Video --><br \/>\n                                                                                                                        <!-- Recommended Widget -->\n                                                                                                                    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prime Minister Mark Carney promised Friday to oversee the biggest transformation of Canada&#8217;s economy since the end of the Second World War to enable it to &#8220;stand up&#8221; to Donald Trump. Mark Carney led the Liberal Party to a dramatic fourth mandate in elections on Monday after a campaign focused on the US president&#8217;s threats [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[19],"tags":[],"class_list":["post-4692","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world-news"],"_links":{"self":[{"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/posts\/4692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/comments?post=4692"}],"version-history":[{"count":1,"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/posts\/4692\/revisions"}],"predecessor-version":[{"id":4694,"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/posts\/4692\/revisions\/4694"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/media\/4693"}],"wp:attachment":[{"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/media?parent=4692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/categories?post=4692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gunnewsusa.com\/index.php\/wp-json\/wp\/v2\/tags?post=4692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}