Mark Carney

Rule Changes

Leading minority government; retaliation in place, no talks scheduled

Canada's counter-tariffs on about C$28 billion of U.S. goods remain in place, at rates from 15% to 50%. On October 23 the White House said it will drop its 50% tariff on some Canadian products, including plywood, some paper, refrigeration equipment and farm machinery, from October 30.

Updated Yesterday

Built World

Backed the deal with federal financing

For 57 years, Newfoundland and Labrador sold power from one of the world's largest hydro plants to Quebec for about 0.2 cents a kilowatt-hour, which Quebec resold for roughly 50 times that. On August 17, 2026, the two provinces signed a framework to end that arrangement.

Updated 3 days ago

Rule Changes

Called the result 'a great result for Canada' and said he would work with Smith on immigration; BBC News said the vote gives him political room to focus on the economy and U.S. trade tensions.

Albertans rejected separation by roughly three to one, with about 75 per cent of counted ballots backing the province staying in Canada. Elections Alberta had counted more than 1.95 million votes on the separation question by Tuesday evening, with 90 per cent of voting locations reporting.

Updated 4 days ago

Rule Changes

Announced the ocean funding and the Pacific Link national-interest designation; the fast-track law could also ease conditions on Vancouver's port expansion

Cold Lake First Nation asked the Federal Court on Oct 7 to quash Pacific Link's national-interest designation, saying the Major Projects Office never consulted it. The challenge puts Ottawa's plan to have conditions settled by Sept 1, 2027 on uncertain ground.

Updated 5 days ago

Built World

Welcomed the Phase 2 decision at a Vancouver event

Shell and its partners approved a C$33 billion package for LNG Canada and Coastal GasLink on Sept. 29. The decision doubles the Kitimat terminal to 28 million tonnes a year, and crews began work two days later on a storage tank.

Updated 5 days ago

Rule Changes

Announced Canada's ratification of the High Seas Treaty

Canada is now a party to the High Seas Treaty, the first legal framework for protected areas in the oceans beyond any nation's borders. Prime Minister Mark Carney announced the ratification September 23 at the United Nations General Assembly, alongside an $82 million pledge to the OceanEye ocean-monitoring alliance.

Updated Oct 4

Built World

Announced Pacific Link national-interest designation

Prime Minister Mark Carney designated the West Coast oil pipeline, now named Pacific Link, as a project of national interest on October 1. The listing triggers a single streamlined federal review, with a conditions document due by September 1, 2027.

Updated Oct 4

Rule Changes

Says impact of US bans is 'modest'; no further retaliation expected

The US import bans on Canadian alcohol, dairy, and motorcycles took effect Sept. 29, removing nearly $1 billion in Canadian goods from the US market. The bans cover most Canadian beer, wine, spirits, whey products, molasses, and motorcycles over 800 cc.

Updated Sep 30

Rule Changes

Taking a defensive posture toward US demands

The trade deal covering roughly $1.8 trillion in yearly commerce between the United States, Mexico, and Canada came with a built-in deadline. That deadline is now. On July 1, 2026, the three governments formally opened the first joint review of the United States-Mexico-Canada Agreement (USMCA), and they have to decide whether to keep it alive for another 16 years.

Updated Jul 1

Money Moves

Leading Canada's trade diversification strategy

Sixteen months ago, Canada and India had no ambassadors in each other's capitals. Ottawa had accused New Delhi of orchestrating the assassination of a Canadian citizen on Canadian soil, and both countries expelled six of each other's diplomats in a single day. On March 2, 2026, Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi signed five agreements worth $5.5 billion, launched free trade negotiations, and set a target of increasing bilateral trade from $9 billion to $50 billion by 2030.

Updated May 30

Force in Play

Leading federal response

Canada hadn't experienced a school shooting of this magnitude in 37 years. On February 10, 2026, an 18-year-old former student killed two family members at a home in Tumbler Ridge, British Columbia, then attacked the local secondary school, killing nine including himself and wounding 27.

Updated May 27

Rule Changes

Delivered keynote declaring end of rules-based order

This year's World Economic Forum (the first in 55 years without founder Klaus Schwab) became an emergency diplomatic summit when Trump's tariff threats over Greenland drew record attendance from 60+ heads of state. By week's end, a NATO 'framework deal' had defused the immediate crisis, and Canadian PM Mark Carney declared to applause from European and middle-power leaders that the U.S.-led rules-based order is over.

Updated May 22

Rule Changes

Leading trade diversification strategy

Canada followed the U.S. in imposing 100% tariffs on Chinese electric vehicles in October 2024. Seventeen months later, Prime Minister Mark Carney flew to Beijing and cut them to 6.1%—the first explicit break with American trade policy since Trump began his tariff offensive.

Updated May 21

Money Moves

In office, navigating U.S. pressure over China trade

China posted a $1.2 trillion trade surplus for 2025, the largest any country has ever recorded. The number is roughly equal to Indonesia's GDP, the world's 16th-largest economy.

Updated May 21