-
Spring Economic Update – Building Resilience
The Spring Economic Update reiterated Prime Minister Carney’s key themes: moving the economy from one of reliance to one of resilience by diversifying trade (a relentless pace of new trade deals with the world) and becoming stronger at home (major projects announced and in the works). Foreign direct investment in Canada at $100 billion is…
-
The Anglo-Teck Approval Was Easy. What Will Canada Do With a Major Acquisition from a Hegemonic America?
The unexpectedly quick approval by the Canadian Government of the proposed link-up of Canada’s Teck Resources and the UK’s Anglo American confirms several things: 1) Canada is open for foreign investment (from some countries at least ); 2) the Canadian Government can be as transactional as the Americans – extracting significant investments and other commitments…
-
Budget 2025 – Budgeting in War Time
Rarely in Canadian history has a Federal Budget been presented in such a complex geo-political environment. Usually, the state of the world is considered in Budget documents only for the purpose of forecasting interest rates which would affect the cost of servicing the national debt in the near or medium term. This time it is different.…
-
Time to Swing for the Fences – The Prime Minister Speaks in Advance of the Budget (and the World Series)
It is not unusual in recent decades for a government to prepare the ground for an upcoming budget. Typically, in advance of a budget, announcements are made about initiatives (there have been many) with more details and funding set out in the actual Budget and Estimates to follow. It is also wise for a government…
