by Tom Harris, America Outloud:
Canada is in the midst of a federal election, the results of which could ultimately leave us bankrupt, hungry, and freezing in the dark if current Liberal Prime Minister Mark Carney wins. After months of enjoying a double-digit lead over the reining Liberals, Pierre Poilievre and his Conservative Party of Canada have seen it apparently evaporate shortly after former central banker and World Economic Forum (WEF) aficionado Carney was appointed Prime Minister.
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Note that he does not hold a seat in the House of Commons and has no political experience. He is PM simply by a majority vote from Liberal Party of Canada members, and given that the Liberals are currently in power, presto, Carney became our PM.
Many Canadians believe that Carney, as former Governor of the Bank of England and Governor of the Bank of Canada, would lead Canada out of the financial mess the Liberals created in the decade since Justin Trudeau was first elected PM. They see Carney as a breath of fresh air and someone who can better manage our relationship with America than Poilievre.
Nothing could be further from the truth. Jim Balsillie, Canadian businessman and philanthropist, explained in a March 17, 2025 interview on The Jordan B. Peterson Podcast, that Carney’s expertise doesn’t transfer to leading the country:
“It’s important to understand … that he’s a macroeconomist and a central banker, and that’s a very narrow function. Your responsibility is price stability of the money systems, banking stability, and the regulatory compliance of the payment systems. You operate in a narrow but important realm. But your involvement with the firm and the productivity is, that’s a very distant part.”
Regardless, many of the Trudeau government ministers have been reappointed into Carney’s cabinet, indicating little change in direction overall. If anything, Carney will double down on the failed Trudeau climate change and energy policies driven by the UN and the WEF. In short, it will be an unmitigated disaster.
If Carney and his Liberal Party of Canada win, the following will almost certainly happen:
1 – A few months after the election, Carney will say that Canada is not meeting our climate change targets (we never do). He will then likely raise the “carbon tax” on consumers from its current 0% (he did not “cancel” it, as it is part of an Act of Parliament, so only Parliament can cancel it) to something higher than Trudeau had. Carney said previously that the rate should be higher than the Trudeau Liberals had it and has campaigned to have a worldwide carbon tax on consumers.
2 – Carney wants to continue and indeed increase the industry carbon tax, which is eventually passed on to the consumer. He will continue the current Liberal plan to put an emissions cap on the oil and gas sector, with regulations to be finalized before the end of 2025. According to The Conference Board of Canada, this would essentially cut real Canadian GDP in half.
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