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Yahoo
02-06-2025
- Business
- Yahoo
2025 Memorial Cup: London Knights Capture Crown And Redemption With Win In Final
Prime Minister Mark Carney, front left, is meeting with Canada's premiers on Monday in Saskatchewan. Major projects to boost the country's economy are expected to be the focus. Prime Minister Mark Carney's main focus will be on project development as he sits down with provincial and territorial premiers on ministers are gathering in Saskatoon for the first time since the April 28 federal told CBC's Power & Politicsin an exclusive interview earlier this week that "major projects" will be his main agenda item for the upcoming meeting with | Carney on U.S. relations, his government's ambitions:"We need to move on these nation-building projects. So projects that bring Canada together, projects that diversify our economy, projects that help us export to new markets and really move this economy forward," Carney told host David Cochrane."The ask of provinces, the ask of the private sector is: Which projects do you have that reach those criteria? What we're going to do is fast-track the approval, truly fast-track the approval, of those projects."Project approval was a significant part of Tuesday's throne speech read by King Charles. The speech promised to "unleash a new era of growth" by creating a federal project review office and reducing regulatory reviews "from five years to two."The Liberals are aiming to introduce legislation this month that would introduce "up-front regulatory approvals" to major projects in the national interest, according to a federal document CBC News pitch their project ideasA number of provinces and territories have already begun floating ideas for major economic projects that they'd like to see happen.N.W.T. Premier R.J. Simpson said his region has "not had the same type of investment in infrastructure that the rest of Canada has seen" during an interview on Rosemary Barton Live that aired said his territory and Nunavut are pursuing a road through the Slave Geological Province, which would connect western Nunavut and an area in the Northwest Territories believed to be rich in minerals."That's a project that's been talked about for generations, for decades, [but] hasn't advanced yet. So that is one I'm really excited about," Simpson told host Rosemary Barton. Saskatchewan Premier Scott Moe said on Rosemary Barton Live he hopes discussions begin "on what a regulatory process would be moving forward that would provide certainty for the investment into industries that are creating value and provide us as Canadians with that opportunity to become the strongest economy in the G7."Saskatchewan Premier Scott Moe speaks during a media interview on the sidelines of the Canada Strong and Free Network annual conference, in Ottawa on April 11. (Spencer Colby/The Canadian Press)"In the meantime, if we have to prioritize projects, that is what it is, but that in itself is an admission that the current regulatory processes need changes and I think that is the broader goal that I would have coming out of this tomorrow and over the next couple of months," he later Sunday at a news conference, Moe said Canada has a "generational opportunity" to strengthen the economy if regulatory processes change."We have ... I would say the largest single opportunity that I've seen in my lifetime in this nation lying before us. All we need to do is come together, put together certainty with respect to the regulatory package and stand side by side and defend the opportunities that we have in this nation," he premiers met last month to discuss a range of issues that included energy, Arctic security and economic the premiers called for Carney's "full support for the development of an economic corridor connecting ports on the northwest coast and Hudson's Bay."WATCH | Kinew says Carney must 'signal seriousness to Western Canada':Manitoba Premier Wab Kinew wrote to Carney shortly after the election, voicing his support for a similar economic corridor that includes Manitoba's Port of Churchill. He said such a corridor could help western provinces get resources to international markets."If we sit around talking about politics, it's going to be like the family dinner table. We're always going to be arguing. But if we get down to work and we choose some economic projects to build the country — that's how we bring people together," Kinew said in a separate interview on Power & Politics earlier in the week."When we get together for our formal first ministers' meeting with the prime minister, I think you're going to see a unity of purpose."Like Kinew, Ontario Premier Doug Ford wrote to Carney laying out his ideas for major projects that he would like to see developed, including critical mineral deposits in Ontario's Ring of Fire. Moe also sent a list of priorities to the prime minister that included the expansion of pipeline Premier Danielle Smith sent a letter to Carney in mid-May and said the prime minister has "the opportunity to address serious issues plaguing Canada's economic well-being — and the very real sense of alienation felt across the west."Smith said there are several preconditions necessary to make Carney's nation-building ambitions a success: Include an oil pipeline on the initial list of nation-building projects, abandon the "unconstitutional" oil and gas emissions cap, overhaul the Impact Assessment Act and repeal Canada's industrial carbon tax as well as clean electricity Premier Danielle Smith speaks during a news conference in Edmonton on May 6. (Jason Franson/The Canadian Press)The Alberta premier also said she's appointed a provincial negotiating team and called on Carney and B.C. Premier David Eby to do the same. "A collaborative approach between the relevant federal departments and the Governments of Alberta and British Columbia that enables a common understanding of project economics, barriers and opportunities will be critical to reaching a positive outcome," Smith appears to be backing up his counterparts in Saskatchewan and Alberta, saying at a press conference on Sunday that he's told Carney that regulations need to change in order to support the western provinces."I think this prime minister is really sending out olive branches across the country. He understands the previous prime minister totally ignored Alberta, totally ignored Saskatchewan. That's unacceptable," Ford told Power & Politics that he's seeking to have projects compete for federal approval, with the best ideas winning out."In effect, we're going to have a competition with projects. Some projects are good ideas, but they're not ready. Others are ready, but they're bad ideas," he internal trade barriersCarney had previously met with the premiers in March to talk about removing interprovincial trade barriers in light of U.S. President Donald Trump's trade prime minister has committed to removing federal barriers to internal trade by Canada Day — and the topic will likely be discussed as the leaders gather again in and Ford met Sunday to sign an agreement to start lifting trade barriers between the two Premier Scott Moe, left, and Ontario Premier Doug Ford are shown in Saskatoon on Sunday. The two signed an agreement to reduce trade barriers. (Alexander Quon/CBC)Ford characterized the deal, in part, as a way to insulate the economy against Trump, who announced on Friday that he'd be upping tariffs on steel and aluminum."At a time when President Trump is taking direct aim at our economy — and make no mistake about it, he wants to annihilate our economy, no matter if it's manufacturing in Ontario, or any other jurisdiction that he can get his hands on, bring it down to the U.S. — and we're going to fight like we've never fought before, not just to protect Ontario but to protect the rest of our country," he said he hoped to have agreements with more provinces in place after Monday's meeting. 21:01 Now Playing Paused Ad Playing
Calgary Herald
23-05-2025
- Business
- Calgary Herald
Varcoe: Ottawa's new resources minister promises clean slate, but oilpatch looks for 'concrete actions' on new projects
In a world of political messaging, Prime Minister Mark Carney wants to build, baby, build. Article content Article content Ultimately, it will be concrete action — not just words — that will determine how the relationship between Tim Hodgson and the Canadian oil and gas sector unfolds in the coming months. Article content In his first major speech since taking over the portfolio, Hodgson sent a clear signal Friday to a Calgary business audience that he wants to reset the often-testy interaction between Ottawa and the country's largest export industry. Article content Article content Article content More significantly, he plainly backed the idea that Canadian oil and gas can grow the economy and be a tool for global stability, supplying other countries with energy. 'I want to be very clear. In the new economy we are building — Canada will no longer be defined by delay. We will be defined by delivery,' Hodgson told the Calgary Chamber of Commerce audience — twice, in case anyone missed it the first time. Article content 'Energy is Canada's superpower. It gives us an opportunity to build the strongest economy in the G7.' Article content It was a stark contrast to the general indifference, or active hostility, that seeped out of the pores of the Trudeau government, which had little desire to see Canada significantly boost oil and gas output or build export infrastructure. Article content Article content 'He really extended an olive branch to the energy sector,' said Sonya Savage, a former Alberta energy and environment minister in the UCP government. Article content The previous Trudeau government did get the Trans Mountain pipeline expansion project finished, with federal government money required to buy and build it. But other pipeline projects, such as Northern Gateway, Energy East and Keystone XL, floundered. Article content Contentious Liberal government policies such as the Impact Assessment Act and the incoming oilpatch emissions cap also fractured the relationship and broke any trust.
