Mark Carney has already started seriously harming the economy

He won last month’s election for the Liberals promising he had a plan to protect Canada’s economy from the predations of the American president. But since returning to Ottawa, Prime Minister Mark Carney has sent alarming signals to business and scaring off badly needed capital investment, as economist and professor Ian Lee tells Brian this week. The Liberal government’s decision to avoid tabling a budget makes it seem like there actually is no plan, Lee says. Meanwhile, comments from Carney’s cabinet that they’re wavering on a new oil export pipeline suggest that the country will be just as unwelcoming to resource development as the last one. Now, it’s looking like the man elected to reverse Canada’s long-running decline might just instead make it worse. (Recorded May 16, 2025)

Learn more about your ad choices. Visit megaphone.fm/adchoices