Now that Mark Carney and the Liberal Party have won the election, the focus is about to shift to whether they can follow through on vows to bolster the economy as U.S. President Donald Trump’s trade war ramps up.
Carney has addressed the need for unifying the country and diversifying its trading partners to pivot away from relying on the United States and reducing the impact of Trump’s tariff policies.
More specifically, the newly-elected prime minister wants to maximize Canada’s ability to domestically source and manufacture resources, goods and services, while also creating or boosting ties with international markets.
And while his pledge to improve trade between provinces and craft more “Made in Canada” supply chains could prove among the most impactful measures, it may also prove the most challenging.
According to the Liberal Party’s platform, achieving these goals could expand the economy by billions of dollars, but it will not be easy as many parts of …