Bringing investment banking rigor to Ottawa

Ministers must be equipped to interrogate advice with the same skepticism, financial scrutiny, and risk discipline that any serious investor would demand before committing billions of dollars of capital.
Prime Minister Mark Carney’s career has been shaped by disciplined risk management, institutional credibility, and respect for independent challenge. That gives Ottawa a credible path from chronic underperformance to reliable delivery, writes Ram Mathilakath.

As the federal government moves into Budget 2026 execution mode, it faces a problem markets would recognize instantly: strong deal flow, weak close. Ottawa is not short on announcements or capital commitments. It is short on delivery—especially in large IT systems and infr...

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