Carney just signalled the end of market liberalism—and the start of sovereign reconstruction

We are now entering an era that breaks from decades of integration with American markets, and demands a new kind of economic independence.

Prime Minister Mark Carney will have to oversee a full-spectrum shift in how Canada approaches development, and a clear break from the thinking that has shaped Ottawa for decades, writes Derek J. Patterson.The Hill Times photograph by Andrew Meade

Opinion

BY DEREK J. PATTERSON

May 6, 2025

On April 28, Canada elected its fourth consecutive Liberal government, once again as a minority, but now with former Bank of Canada governor Mark Carney at the helm.

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