GOLDSTEIN: Can Carney Liberals fix damage caused by Trudeau Liberals?
Prime Minister Mark Carney's mandate letter to his cabinet is largely an attempt to address problems created, ignored or exacerbated by his predecessor, Justin Trudeau.
In that context, it's hard to see how effective Carney's cabinet will be in achieving his goals, given its large contingent of Trudeau-era ministers who, under Trudeau's leadership, screwed up many of the files Carney now says he wants to fix.
In his mandate letter to his newly-appointed cabinet released last week, Carney wrote that he has seven priorities, which are:
– Establishing a new economic and security relationship with the U.S. and strengthening collaboration with reliable trading partners and allies around the world;
– Building one Canadian economy by removing barriers to interprovincial trade and expanding nation-building projects that will connect and transform the country;
– Bringing down costs for Canadians and helping them get ahead;
– Making housing more affordable by unleashing the power of public-private co-operation;
– Protecting Canadian sovereignty, strengthening the Canadian Armed Forces, securing Canada's borders and reinforcing law enforcement;
– Attracting the best talent in the world to build our economy while returning overall immigration to sustainable levels;
– And spending less on government operations so that Canadians can invest more in people and businesses that will build the strongest economy in the G7.
KINSELLA: Murky Mark Carney remains an enigma wrapped in a riddle
LILLEY: Trudeau lowered bar so much, Carney gets credit for being an adult
Blanket mandate letter worrying sign for Carney era, observers say
Here's the issue.
Bringing down costs for Canadians and making housing more affordable were problems exacerbated by the Trudeau government's high immigration policies, which Carney says he now wants to address by 'returning our overall immigration rates to sustainable levels.'
The Trudeau government dramatically hiked immigration levels despite being warned in advance by its own public servants that that this would increase the cost of housing and put additional stress on public services such as health care.
Carney's plan to reduce spending on government operations is a direct repudiation of the Trudeau government's record of increasing the size of the federal civil service at more that twice the rate of Canada's population growth during its almost decade in power.
Carney himself said during the Liberal leadership race that two policies of the Trudeau government – unsustainably high immigrations levels and government spending increasing at a rate of 9% a year – weakened the Canadian economy, even 'before we got to the point of these threats from President (Donald) Trump.'
Carney's goal of keeping Canadians safe by strengthening Canada's Armed Forces is intended to address the failure of the Trudeau and Stephen Harper governments to meet Canada's promised NATO target of committing 2% of GDP to national defence.
As for Carney's goal of securing Canada's borders and reinforcing law enforcement, both would be massive improvements over the near decade record of the Trudeau government.
The Trudeau Liberals had almost a decade to bring down barriers to interprovincial trade, which Carney now wants to address, while 'nation-building projects' were few and far between, fraying national unity and exacerbating tensions between the Alberta and federal governments in particular.
As for Carney's goal of making Canada's economy the strongest among members of the G7, after their nearly-decade in power the Trudeau Liberals had the worst record on economic growth of any Canadian government since that of R.B. Bennett during the Great Depression.
Real GDP per capita – a widely accepted metric for measuring a nation's prosperity – fell by 1.4% in 2024, following a decline of 1.3% in 2023.
It's true the economic uncertainty caused by Trump's tariff war with Canada is having a depressing effect on the Canadian economy, but as Carney himself has said, our economy was already weakened by Trudeau government policies before Trump was elected president.
lgoldstein@postmedia.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
39 minutes ago
- Yahoo
Carbeeza Announces Settlement Agreement
CALGARY, AB / / June 13, 2025 / Carbeeza Inc. ("Carbeeza" or the "Company") (TSXV:AUTO)(OTCQB:CRBAF) announces that, further to its news release of June 21, 2024, the Company has entered into a settlement and release agreement (the "Settlement") with Northern Micro Inc. and IDX Systems Corp. (the "Claimants"), in connection with a Statement of Claim filed by the Claimants for unpaid professional services. The claim relates to a licensing and service agreement, sublease, and sales agreement previously entered into between the Company and the Claimants. In consideration for the mutual full and final release of claims, the Company agreed to pay the Claimants $1,700,000, inclusive of applicable taxes, payable in monthly installments commencing from the date of the Settlement and continuing through to September 2027. The Company may, at its discretion, make additional payments in advance without penalty. Upon full payment of the settlement amount, the parties shall file a discontinuance of claim in Alberta. Carbeeza Inc. Carbeeza is a Canadian-based software company whose platform is targeted to the automotive marketplace. It is the first application to harness the power of Artificial Intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Using state-of-the-art technology, Carbeeza brings the process of buying a car right to the phone, tailor-made for the consumer. Carbeeza is highly beneficial to both consumers and auto dealers. ON BEHALF OF THE BOARD OF DIRECTORS OF CARBEEZA INC. Mark Tommasi, Chief Executive Officer Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. For further information please contact: Mark Tommasi, Interim Chief Executive OfficerEmail: Investorrelations@ 604 318 1448Website: SOURCE: Carbeeza Inc. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Building a $42,000 TFSA That Generates Passive Income
Written by Sneha Nahata at The Motley Fool Canada Building a $42,000 Tax-Free Savings Account (TFSA) portfolio for generating passive income without tax worries involves investing in top Canadian dividend stocks. These TSX stocks have solid dividend payment and growth history, supported by their fundamentally strong businesses, growing earnings base, and sustainable payouts. Moreover, TFSA investors should focus on diversifying their TFSA portfolio to spread risk and generate steady income in all market conditions. For instance, investors could consider blue-chip stocks such as Enbridge (TSX:ENB), Fortis (TSX:FTS), and Royal Bank of Canada (TSX:RY). These companies have resilient businesses, which enable them to generate stable earnings regardless of market conditions, thereby rewarding shareholders through consistent dividend increases. Notably, energy infrastructure giant Enbridge has increased its dividend consistently for three decades. Moreover, the company aims for mid-single-digit growth in its annual dividend in the long term. Similarly, Canadian electric utility company Fortis has raised dividends for 51 consecutive years and is expected to continue growing them by 4-6% annually through 2029, driven by its expanding rate base. Moreover, the Canadian banking giant Royal Bank of Canada has increased its dividend by about 7% annually since 2014. Its high-quality assets, strong deposit base, and operational efficiency will drive future earnings, supporting higher payouts. Besides these top TSX dividend-paying stocks, let's look at a few more names that offer resilient payouts and attractive yields to generate tax-free passive income. Brookfield Renewable Partners (TSX: is an attractive stock for building a passive-income portfolio. Its highly diversified portfolio of renewable power assets, substantial operating capacity, and long-term, inflation-linked contracts position it well to generate solid funds from operations, which enables it to pay higher dividends. Notably, the company has increased its distributions by at least 5% annually for the past 14 years and currently offers a high yield of 5.8%. Brookfield Renewables is well-positioned for future growth thanks to its large development pipeline, rising demand for renewable energy, and a highly contracted portfolio with an average term of 14 years. Moreover, about 70% of its contracts are tied to inflation, supporting organic growth. In addition, its low operating costs and ongoing asset recycling efforts further strengthen its growth prospects. Thanks to its resilient earnings base, Brookfield's management expects to deliver a total return of 12% to 15% annually in the long term, implying that the company can continue to grow its dividend at a healthy pace. In short, its consistent dividend growth history, sustainable payouts, high yield, and visibility into future payments make it a solid investment for TFSA investors seeking steady passive income. Telus (TSX:T) is another top pick for investors seeking dependable, long-term passive income. The telecom leader has a strong track record of rewarding shareholders. Telus has raised its quarterly dividend 27 times since 2011. Moreover, it currently offers a juicy 7.5% dividend yield. Telus plans to grow its dividends by 3%–8% annually through 2028 while keeping a healthy payout ratio of 60–75% of free cash flow. Notably, its ability to profitably expand its user base, low churn rate, and disciplined capital spending will support future dividend payments. Moreover, Telus is investing in network upgrades and spectrum to stay competitive and expand its 5G offering. Additionally, its focus on diversifying the revenue base and reducing costs bodes well for growth, enabling the company to consistently reward its shareholders. The post Building a $42,000 TFSA That Generates Passive Income appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The Motley Fool recommends Brookfield Renewable Partners, Enbridge, Fortis, and TELUS. The Motley Fool has a disclosure policy. 2025

Yahoo
an hour ago
- Yahoo
VIDEO - CEO Clips: White Gold Corp.: Unlocking New Gold Discoveries in the Yukon
Vancouver, British Columbia--(Newsfile Corp. - June 13, 2025) - White Gold Corp. (TSXV: WGO) (OTCQX: WHGOF) - Leading the next chapter in Canadian gold exploration, White Gold Corp. is advancing a district-scale land position in the Yukon with over 2.3 million ounces in current resources. Recent exploration success continues to uncover significant new targets, reinforcing the company's vision to realize the region's massive hard rock gold potential. Cannot view this video? Visit: White Gold Corp. (TSXV: WGO) (OTCQX: WHGOF) About BTV - Business Television: For over 25 years, BTV has been a capital markets focused TV production and Digital Marketing Agency. BTV helps companies increase their brand awareness to a national retail and institutional investor audience, combining unique content creation and major distribution services on top tier networks including Bloomberg, CNBC, FOX Business News and financial sites. The BTV suite of strategic products include: BTV- Business Television Show, CEO Clips™, TV Branding Ads, Digital, Lead Gen, Social and Direct Email Marketing Campaigns that reach investors where they research and live on-air and online. Discover Investment Opportunities! About CEO Clips: CEO Clips - are short company video profiles broadcast to a large audience of investors on TV and 15+ financial sites including Reuters, Yahoo!Finance, and Wall Street Journal. Contact: Trina Schlingmann (604) 664-7401 x 5 trina@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data