Finance Minister François-Philippe Champagne is faced not only with the ongoing investment and trade effects from the U.S.-initiated breakdown in bilateral trade, but also by the threat of future inflation from rising oil prices and other factors triggered partly by the U.S.-Israeli attack on Iran.
While it is helpful that more Americans now understand that Trump is taking the U.S. in the wrong direction, the final two years of his presidency could become even more dangerous as he lashes out before the power of his office disappears.
Canadian Paul Samson argues in new paper published by the Carnegie Endowment for International Peace, that while economic integration with the U.S. has generated prosperity for Canada, this has come with a price which may be even more threatening than in the past.
Canada has great potential as an innovation nation. We have talent and some exciting firms operating at the frontiers of new knowledge. But potential is not enough. We are falling short on building success.
Mark Carney needs to better communicate with Canadians if he is retain support for change for some time to come.
Mark Carney’s Investment Summit was a good idea. It put Canada more squarely on the map for foreign investors who will now be watching to see how we proceed in our ‘Build Canada’ agenda. Consider the summit a first step. Much more must be done. But there is hope.
It is only with the enmity of the American administration that we are now seriously embracing new thinking and pursuing new priorities. We are still very much a work in progress. But there is a reasonable chance we are heading in the right direction. Short-term pain for long-term gain.
We need a strong determination to build and support Canadian entrepreneurs and projects in pursuit of digital sovereignty, including support for quantum computing and application projects for AI.
Canadians face tough months ahead. But Trump’s political weakness should encourage our own resolve to hang tough. The last thing Americans want is an unneeded trade war with their next-door neighbour when their own house is burning.
As Canada walks away from trade negotiations with the United States, what we need now is a state-of-the-nation address by Prime Minister Mark Carney, spelling out where we go from here, the strategy for a new Canada, and how it will be implemented.
We are spending on our science base, which consists of our universities and colleges and government support for companies. But we are not capturing the value. Spending more on science won’t deliver better results unless we fix the other barriers to growth, as well.
U.S. President Donald Trump and his cronies may hate us, threaten us, mock us, and try their hardest to hurt us. But we don’t have to kowtow. We have alternatives and that’s where we should spend our energy. We don’t have to be a vassal and shouldn’t want to be.
Ultimately, Mark Carney’s ambitions for Canada as a prosperous and sovereign nation depend—more than anything else—on our success in using talent and entrepreneurship to make us an innovation nation.
To help transform Canada Post as a key vehicle to promote a Canadian digital economy, Ottawa could enlist a small group of savvy Canadian digital entrepreneurs to identify opportunities and help propose a restructured corporate organization.
The time has clearly come to examine the role Canada Post could play in advancing this country’s AI ambitions and the broader strengthening of digital sovereignty.
Wood Mackenzie identified 35 possible projects, leading the Alberta submission to state that there was ‘planned and potential’ production, concluding that, ‘deliverable crude supply will be ample to justify the capacity of the project.’ But potential isn’t the same as commitment.