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Bringing investment banking rigour to Ottawa

Unlike the private sector, senior public servants are rarely removed for persistent underperformance. And tone from the top, however well calibrated, cannot substitute for rigor on the ground.

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.The Hill Times photograph by Andrew Meade

BY RAM MATHILAKATH

February 25, 2026

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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