Connect with us
[bsa_pro_ad_space id=12]

Business

Canada’s Election Is Over And Now The Real Work Begins

Published

4 hours ago

6 minute read

From the Frontier Centre for Public Policy

By David Leis

Canada’s economy is stagnating. The Carney government must act fast or risk yet another lost decade

Now that the election is behind us and Mark Carney has been handed the reins of government, it’s time to focus on what matters most: fixing the policy failures that have held Canada back for the past decade.

I recently had the privilege of speaking with three thoughtful policy experts—economist and Financial Post editor William Watson, Frontier Centre’s Vice President of Research and Policy Dr. Marco Navarro-Génie, and Catherine Swift, president of the Coalition of Concerned Manufacturers and Businesses of Canada. Our wide-ranging discussion focused on the economic and institutional challenges that threaten Canada’s long-term prosperity. The insights they shared—grounded in experience, data and a deep concern for the country—made one thing clear: the new government faces an urgent to-do list.

Canadians didn’t vote for more political theatre—they voted for results. But the economic problems haven’t gone away. Weak growth, declining productivity and investor flight are all signs of a country adrift. The new government must course-correct, starting with the economy.

Canada’s growth problem is real

Canada’s economic performance over the past 10 years has been dismal. It’s no wonder many are calling it “the Lost Decade.” GDP per capita—a key measure of how much economic output is created per person—has barely budged while our international peers have surged ahead. This isn’t just an abstract economic metric. It means Canadians are falling behind in real terms—earning less, struggling more and seeing fewer opportunities for themselves and their children.

A key cause is poor policy: excessive regulation, unpredictable tax frameworks and government-heavy industrial strategies that have failed to produce meaningful results. Capital is fleeing the country, productivity is slumping and even Canadian firms are investing elsewhere. The solution is not more central planning. It’s restoring the conditions for Canadians to thrive through work, innovation and enterprise.

Energy ambition must meet energy reality

Canada has what the world wants: abundant natural resources, a highly educated workforce and some of the highest environmental standards on the planet. But unclear energy policy—and an aversion to critical infrastructure like pipelines—has stalled progress.

If the Carney government is serious about turning Canada into an “energy and clean energy superpower,” it must acknowledge the role of oil and gas alongside renewables and nuclear power. Anything less is wishful thinking. We need investment certainty, streamlined permitting and a commitment to responsible development. Environmental posturing should not come at the cost of economic reality.

We must fix internal trade before preaching to the world

Canadians may be surprised to learn it’s often harder to do business between provinces than with other countries. While we champion free trade on the global stage, Canadians remain blocked from trading freely with each other. Interprovincial trade barriers inflate costs, suppress innovation and discourage business expansion. A licensed hairdresser in Ontario can’t easily work in Nova Scotia. Quebec beer can’t be freely sold in New Brunswick. These aren’t quirks of Confederation—they’re self-inflicted economic damage.

Three provinces—Ontario, Nova Scotia and New Brunswick—have recently pledged to dismantle some of these barriers. That’s encouraging. But national leadership is needed. A country that can’t trade within itself has no business lecturing others about open markets.

Don’t alienate our most important ally

The Canada–U.S. relationship is our most vital economic partnership. We can’t diversify away from a neighbour that buys three-quarters of our exports. That requires strategy, not showmanship—and a government that understands diplomacy, defence and economic interdependence go hand in hand.

Offhand statements suggesting the relationship is “over,” as Carney put it, aren’t just melodramatic. They’re reckless. Canada must show it’s a capable partner, not a reactive one.

Rebuild confidence at home

The election wasn’t a reset—it was a warning. Canadians are anxious, investors are wary and the country is fractured. Rebuilding confidence starts with governing transparently, delivering results and confronting the policy failures too long ignored.

The campaign may be over, but Canada’s challenges are not. Now the real work must begin.

David Leis is President and CEO of the Frontier Centre for Public Policy and host of the Leaders on the Frontier podcast.

Related Topics:

Todayville is a digital media and technology company. We profile unique stories and events in our community. Register and promote your community event for free.

Follow Author

More from this author
Crime / 43 mins ago

Inside B.C.’s Cultus Lake Narco Corridor — How Chinese State-Linked Syndicates are Building a Narco Empire in Canada

International / 1 hour ago

Trump DOJ investigating Washington for new law forcing priests to break Seal of Confession

Business / 2 hours ago

Trump praises Carney at White House, says ‘never say never’ about 51st state

Business

Trump praises Carney at White House, says ‘never say never’ about 51st state

Published on May 6, 2025

By

From LifeSiteNews

By Anthony Murdoch

‘Canada chose a very talented person,’ Trump said during his meeting with Mark Carney, later adding that one can ‘never say never’ about the nation becoming the 51st US state.

U.S. President Donald Trump heaped praise on newly elected Canadian Prime Minister Mark Carney and his “comeback win” in Washington D.C. today, as the two leaders met at the White House for the first time. While Carney maintained Canada is “not for sale,” Trump replied, “never say never.”

While meeting in the White House, Trump said Carney’s win in last Monday’s federal election was the greatest thing that happened to the prime minister, calling it one of the greatest comebacks in the “history of politics.”

“Canada chose a very talented person,” said Trump with Carney sitting next to him.

Trump said he watched the Canadian federal leaders debate, saying the pro-abortion, World Economic Forum-linked Carney was “excellent.”

Trump then noted he had “a lot of respect” for Carney and said he did great in the debate and “ran a really great election.”

Carney thanked Trump for his “leadership” and for his work on “securing the borders” and “securing the world.”

“I have been elected to transform Canada,” said Carney.

Trump then told Carney he seeks “friendship” with Canada, heralding Wayne Gretzky and the sport of hockey.

Carney tells Trump Canada ‘not’ for sale

While Trump confirmed that he “still believes” that Canada could become the 51st U.S. state, he said he and Carney would “not be discussing that.”

Carney said that Canada “would never be for sale” but that there is “opportunity” in a bilateral agreement in “Canadian security and our partnership.”

When asked about Carney’s insistence that Canada is not for sale and will not become the 51st U.S. state, Trump said one should “never say never.”

Trump confirmed that the new North American free trade deal he helped negotiate, United States–Mexico–Canada Agreement (UMSCA),  is “not” dead and is still in force but will be looked at soon.

Mostly while Justin Trudeau was prime minister, Trump had repeatedly said that Canada should join the United States as its 51st state. This fueled a wave of anti-American sentiment in Canada, which saw a resurgence in popularity in the flailing Liberal Party under its then-new leader Carney.

Last week’s election saw Liberal leader Carney beat out Conservative rival Pierre Poilievre, who also lost his seat to a Liberal rival. Poilievre’s riding was unusual in that it had 90 candidates named on the ballot, making the voting list in that riding incredibly long.

The Conservatives managed to pick up over 20 new seats, and Poilievre has vowed to stay on as party leader, for now, and will soon run in a by-election to try and regain his seat.

Many political pundits have said that Carney owes his win to Trump, as the U.S. president suggested on multiple occasions that he would rather work with Carney than Poilievre.

“I actually think the conservative hated me much more than the so-called liberal; he’s a pretty liberal guy,” Trump had said.

Continue Reading

Agriculture

Canada is missing out on the global milk boom

Published on May 6, 2025

By

This article supplied by Troy Media.

Troy Media By Sylvain Charlebois

 

With world demand soaring, Canada’s dairy system keeps milk producers locked out of growth, and consumers stuck with high prices

Prime Minister Mark Carney is no Justin Trudeau. While the team around him may be familiar, the tone has clearly shifted. His first week in office signalled a more data-driven, technocratic approach, grounded in pragmatism rather than ideology. That’s welcome news, especially for Canada’s agri-food sector, which has long been overlooked.

Historically, the Liberal party has governed with an urban-centric lens, often sidelining agriculture. That must change. Carney’s pledge to eliminate all interprovincial trade barriers by July 1 was encouraging but whether this includes long-standing obstacles in the agri-food sector remains to be seen. Supply-managed sectors, particularly dairy, remain heavily protected by a tangle of provincially administered quotas (part of Canada’s supply management system, which controls prices and limits production through quotas and tariffs to protect domestic producers). These measures stifle innovation, limit flexibility and distort national productivity.

Consider dairy. Quebec produces nearly 40 per cent of Canada’s milk, despite accounting for just over 20 per cent of the population. This regional imbalance undermines one of supply management’s original promises: preserving dairy farms across the country. Yet protectionism hasn’t preserved diversity—it has accelerated consolidation.

In reality, the number of dairy farms continues to decline, with roughly 90 per cent now concentrated in just a few provinces. On our current path, Canada is projected to lose nearly half of its remaining dairy farms by 2030. Consolidation disproportionately benefits Quebec and Ontario at the expense of smaller producers in the Prairies and Atlantic Canada.

Carney must put dairy reform back on the table, regardless of campaign promises. The sector represents just one per cent of Canada’s GDP, yet
wields outsized influence on policy, benefiting fewer than 9,000 farms out of more than 175,000 nationwide. This is not sustainable. Many Canadian producers are eager to grow, trade and compete globally but are held back by a system designed to insulate rather than enable.

It’s also time to decouple dairy from poultry and eggs. Though also supply managed, those sectors operate with far more vertical integration and
competitiveness. Industrial milk prices in Canada are nearly double those in the United States, undermining both our domestic processors and consumer affordability. These high prices don’t just affect farmers—they directly impact Canadian consumers, who pay more for milk, cheese and other dairy products than many of their international counterparts.

The upcoming renegotiation of CUSMA—the Canada-United States-Mexico Agreement, which replaced NAFTA—is a chance to reset. Rather than resist change, the dairy sector should seize the opportunity to modernize. This includes exploring a more open quota system for export markets. Reforms could also involve a complete overhaul of the Canadian Dairy Commission to increase transparency around pricing. Canadians deserve to know how much milk is wasted each year—estimated at up to a billion litres—and whether a strategic reserve for powdered milk, much like our existing butter reserve, would better serve national food security.

Global milk demand is rising. According to The Dairy News, the world could face a shortage of 30 million tonnes by 2030, three times Canada’s current annual production. Yet under current policy, Canada is not positioned to contribute meaningfully to meeting that demand. The domestic focus on protecting margins and internal price fairness is blinding the sector to broader market realities.

We’ve been here before. The last time CUSMA was renegotiated, Canada offered modest concessions to foreign competitors and then overcompensated its dairy sector for hypothetical losses. This created an overcapitalized industry, inflated farmland prices and diverted attention from more pressing trade and diplomacy challenges, particularly with India and China. This time must be different: structural reform—not compensation—should be the goal.

If Carney is serious about rebooting the Canadian economy, agri-food must be part of the conversation. But that also means the agriculture sector must engage. Industry voices across the country need to call on dairy to evolve, embrace change and step into the 21st century.

Dr. Sylvain Charlebois is a Canadian professor and researcher in food distribution and policy. He is senior director of the Agri-Food Analytics Lab at Dalhousie University and co-host of The Food Professor Podcast. He is frequently cited in the media for his insights on food prices, agricultural trends, and the global food supply chain.

Troy Media empowers Canadian community news outlets by providing independent, insightful analysis and commentary. Our mission is to support local media in helping Canadians stay informed and engaged by delivering reliable content that strengthens community connections and deepens understanding across the country.

Continue Reading

Trending

X