The Munk Debates Podcast Munk Dialogue with Andrew Coyne: Mark Carney's economic plan to get Canada back on track
Jun 3, 2025
Andrew Coyne, a journalist with The Globe and Mail and author of 'The Crisis of Canadian Democracy', dives into Mark Carney's economic plan for Canada. He discusses the blend of political ideologies reflected in the Prime Minister's vision. Coyne emphasizes the urgent need for increased labor, investment, and innovation to tackle stagnant growth. The conversation also addresses potential national unity issues arising from interprovincial trade discussions and questions why the Prime Minister hesitates on trade solutions amid external tariff threats.
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Carney's Mixed Economic Plan
- Mark Carney’s economic plan blends centre-right and centre-left ideas.
- It aims to spend less on operations but invest more, potentially involving private capital.
Productivity Crisis Underemphasized
- Canada's productivity problem received limited attention in the throne speech.
- Addressing productivity is crucial for financing higher defense spending and economic growth.
Promote Competition, Cut Subsidies
- Drain business subsidies to reduce distortions in investment decisions.
- Promote intense local competition to drive innovation and productivity in every business.
