{"id":49026,"date":"2024-07-08T15:37:36","date_gmt":"2024-07-08T15:37:36","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/08\/mark-carney-speculation-summer-mirage-for-corporate-canada\/"},"modified":"2024-07-08T15:37:36","modified_gmt":"2024-07-08T15:37:36","slug":"mark-carney-speculation-summer-mirage-for-corporate-canada","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/08\/mark-carney-speculation-summer-mirage-for-corporate-canada\/","title":{"rendered":"Mark Carney speculation summer mirage for corporate Canada"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<li class=\"breadcrumbs__item\">Economy<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">For many in Canadian business, a federal election cannot come soon enough<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Jul 08, 2024<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 17\u00a0minutes ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">4 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"046ab27c-9cbd-4629-ba1a-7d6f57bbcb59\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Mark Carney speaks during the Canada 2020 Net-Zero Leadership Summit in Ottawa in 2023. Media reports say Justin Trudeau is courting the former governor of the Bank of Canada and Bank of England for the role of finance minister. <\/span> <span class=\"credit\">Photo by Sean Kilpatrick<\/span> \/<span class=\"distributor\">THE CANADIAN PRESS<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">In the maelstrom of political upheaval that has characterized the past couple of weeks, amid the dozens of stories chronicling Justin Trudeau\u2019s precarious standing, one report must have appeared like an oasis in the desert for Canada\u2019s beleaguered business community.<\/p>\n<p data-async=\"\">The Toronto Star\u2019s Althia Raj reported recently that Trudeau has engaged in dialogue with Mark Carney on at least two occasions, discussing the possibility of the former Bank of Canada governor joining the government as finance minister. This move would aim to placate discontented caucus members clamouring for a drastic shakeup and a new policy direction for a Liberal Party seemingly on the brink of a historic electoral defeat, if polls are to be believed.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment2945409651487564585172626961334272\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" data-aqa=\"advertisement\" id=\"ad-2\" style=\"--desktopHeight:250px;--mobileHeight:600px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues 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across Canada.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Exclusive articles from Barbara Shecter, Joe O&#8217;Connor, Gabriel Friedman, Victoria Wells and others.<\/li>\n<li>Daily content from Financial Times, the world&#8217;s leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__anonymous\">\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">Carney, a towering figure in Canadian public policy over the past two decades, has the distinction of having served as governor of both the Bank of Canada and the Bank of England. His name has also circulated as a potential Liberal leadership contender to succeed Trudeau.<\/p>\n<p>The prospect of Carney holding the reins of the nation\u2019s economy likely provided brief solace to the anguished minds of corporate executives across the country facing what they believe is one of the most difficult policy landscapes in decades.<\/p>\n<p>Setting aside the questions of electability and political acumen, corporate Canada likely views Carney as one of the most qualified individuals alive for the finance minister role.<\/p>\n<p>Amid the uncertainty, the notion of Carney stepping in as finance minister must have briefly renewed hope in the business community that a shift in the policy outlook is possible; surpassed only by the prospect of an immediate election to provide more clarity.<\/p>\n<p>Yet, both scenarios may be as insubstantial as a mirage.<\/p>\n<p>Imagine Carney agreeing to take a job that includes kowtowing on economic policy to Trudeau\u2019s aides in the prime minister\u2019s office or the leftist New Democratic Party, which is currently propping up Trudeau\u2019s government. It stretches credulity.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot18\">\n<section class=\"newsletter-widget__new-story-page fp-headlinenews background--primary-light-gradient\" aria-labelledby=\"FinancialPostTopStories1906206499722359189067339617271808\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_HeadlineNews\" data-widget=\"newsletter\">\n<div class=\"newsletter-new-story-page-template\">\n<div class=\"newsletter-widget__header__new-story-page\">\n<div class=\"newsletter-widget__banner__new-story-page\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/dcs-static.gprod.postmedia.digital\/16.4.5\/websites\/images\/newsletters\/icon-fp-topStories.svg 75w, https:\/\/dcs-static.gprod.postmedia.digital\/16.4.5\/websites\/images\/newsletters\/icon-fp-topStories.svg 100w, https:\/\/dcs-static.gprod.postmedia.digital\/16.4.5\/websites\/images\/newsletters\/icon-fp-topStories.svg 150w, https:\/\/dcs-static.gprod.postmedia.digital\/16.4.5\/websites\/images\/newsletters\/icon-fp-topStories.svg 240w, https:\/\/dcs-static.gprod.postmedia.digital\/16.4.5\/websites\/images\/newsletters\/icon-fp-topStories.svg 320w, https:\/\/dcs-static.gprod.postmedia.digital\/16.4.5\/websites\/images\/newsletters\/icon-fp-topStories.svg 500w, https:\/\/dcs-static.gprod.postmedia.digital\/16.4.5\/websites\/images\/newsletters\/icon-fp-topStories.svg 640w, https:\/\/dcs-static.gprod.postmedia.digital\/16.4.5\/websites\/images\/newsletters\/icon-fp-topStories.svg 800w, https:\/\/dcs-static.gprod.postmedia.digital\/16.4.5\/websites\/images\/newsletters\/icon-fp-topStories.svg 1024w, https:\/\/dcs-static.gprod.postmedia.digital\/16.4.5\/websites\/images\/newsletters\/icon-fp-topStories.svg 1280w, https:\/\/dcs-static.gprod.postmedia.digital\/16.4.5\/websites\/images\/newsletters\/icon-fp-topStories.svg 1600w\" alt=\"Top Stories\" loading=\"lazy\" fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/16.4.5\/websites\/images\/newsletters\/icon-fp-topStories.svg\"\/><\/div>\n<div>\n<p>Top Stories<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">Get the latest headlines, breaking news and columns.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_HeadlineNews\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Top Stories will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_HeadlineNews\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment1721393665172965365896891722629120\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>In reality, a likelier scenario for businesses in coming months is a landscape marked by uncertainty, strife and ongoing policy inconsistency until the next election comes.<\/p>\n<p>Rather than pivoting toward Carney-esque pragmatism, the Trudeau government\u2019s latest manoeuvres have been to double down on policies perceived by the business sector as economically damaging.<\/p>\n<p>With the government in a frantic scramble to salvage its political standing, the question reverberating through boardrooms is: are we the next target?<\/p>\n<p>The disquiet simmering among C-suite executives extends beyond frustration with the Liberals. The Conservatives, too, are perceived as an unknown entity, increasingly positioning themselves as antagonistic to corporate interests. However, they are not the party wielding power at present.<\/p>\n<p>Let\u2019s revisit the expanding roster of business grievances with the current government (in no particular order and by no means exhaustive):<\/p>\n<p data-async=\"\">Digital services tax on tech companies: The Liberal government\u2019s new digital services tax risks becoming a significant point of contention with the U.S. government, with American tech giants clamouring for retaliation. Robin Guy of the Canadian Chamber of Commerce starkly warned of its potential repercussions: \u201cIt will significantly harm our relationship with the United States.\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment3265109930756229292165708271058944\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">Emissions cap on the oil and gas sector: The Canadian business community fears this move effectively caps energy production, potentially costing the nation\u2019s economy hundreds of billions in lost export revenue and investment.<\/p>\n<p data-async=\"\">New capital gains taxes and early adoption of global minimum tax: <span>The capital gains levy is retroactive, leaving investors feeling the government is simply making a play for their money at the expense of investment certainty.\u00a0 The global minimum tax, which was also just adopted, is being imposed on our companies earlier than in many other jurisdictions, which means Canadian-headquartered multinationals will face a\u00a0 bigger tax burden than their global competitors.<\/span><\/p>\n<p><span\/>Anti-scab legislation: Supported by Conservatives, this legislation, which came into effect earlier this year, is anticipated by business groups to lead to longer and more frequent strikes. More broadly, there is a growing concern that the federal government has become excessively deferential to organized labour.<\/p>\n<p data-async=\"\">New greenwashing legislation: The Canadian Chamber of Commerce argues this measure will restrict businesses\u2019 ability to \u201copenly contribute to Canada\u2019s climate objectives.\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment5632726111608483982325505402601472\" class=\"ad\">\n<p>Advertisement 5<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Second wave of amendments: The greenwashing measures represent the third change to Canada\u2019s competition legislation since 2022, raising concerns about coherence. The controversial changes include a measure simplifying the competition commissioner\u2019s ability to challenge mergers, a move opposed by some business groups.<\/p>\n<p>To be sure, corporate Canada does support numerous government policies, such as the broadly backed carbon pricing initiative and the tens of billions in subsidies the Trudeau government is offering to incentivize clean energy investments.<\/p>\n<p>While challenges abound, there are also significant reasons for optimism about Canada\u2019s economic future. A growing population, a robust resource sector, and a relatively favourable fiscal outlook compared to many other advanced economies all contribute to a promising landscape. When pressed, executives will acknowledge these advantages.<\/p>\n<section aria-labelledby=\"moreTopicLabel3395003885817331271646957801570304\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" risk=\"\" of=\"\" regime=\"\" change=\"\" blunts=\"\" reaction=\"\" to=\"\" emissions=\"\" cap=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=96&strip=all&quality=80&sig=xAkGId3tHTFzh4Ej9z5kcQ&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=96&strip=all&quality=80&sig=xAkGId3tHTFzh4Ej9z5kcQ&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=96&strip=all&quality=80&sig=xAkGId3tHTFzh4Ej9z5kcQ&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=96&strip=all&quality=80&sig=xAkGId3tHTFzh4Ej9z5kcQ&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=96&strip=all&quality=80&sig=xAkGId3tHTFzh4Ej9z5kcQ&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=96&strip=all&quality=80&sig=xAkGId3tHTFzh4Ej9z5kcQ&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=96&strip=all&quality=80&sig=xAkGId3tHTFzh4Ej9z5kcQ&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=96&strip=all&quality=80&sig=xAkGId3tHTFzh4Ej9z5kcQ&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=96&strip=all&quality=80&sig=xAkGId3tHTFzh4Ej9z5kcQ&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=96&strip=all&quality=80&sig=xAkGId3tHTFzh4Ej9z5kcQ&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=96&strip=all&quality=80&sig=xAkGId3tHTFzh4Ej9z5kcQ&ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=96&strip=all&quality=80&sig=xAkGId3tHTFzh4Ej9z5kcQ&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=96&strip=all&quality=80&sig=xAkGId3tHTFzh4Ej9z5kcQ, https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=192&strip=all&quality=80&sig=JxYq7BnreCo1vqtumb_MkA 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2023\/12\/canada-environment-mininster-1218-ph.jpg?h=288&strip=all&quality=80&sig=1-Mm7NO4NyUwF7largooPg 3x\" alt=\"climate\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Rising risk of regime change blunts reaction to emissions cap<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" can=\"\" keep=\"\" juicing=\"\" the=\"\" economy=\"\" with=\"\" more=\"\" spending=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=96&strip=all&quality=5&sig=WD-hXmEWKEQQ_6JkfGv6rQ&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=96&strip=all&quality=5&sig=WD-hXmEWKEQQ_6JkfGv6rQ&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=96&strip=all&quality=5&sig=WD-hXmEWKEQQ_6JkfGv6rQ&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=96&strip=all&quality=5&sig=WD-hXmEWKEQQ_6JkfGv6rQ&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=96&strip=all&quality=5&sig=WD-hXmEWKEQQ_6JkfGv6rQ&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=96&strip=all&quality=5&sig=WD-hXmEWKEQQ_6JkfGv6rQ&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=96&strip=all&quality=5&sig=WD-hXmEWKEQQ_6JkfGv6rQ&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=96&strip=all&quality=5&sig=WD-hXmEWKEQQ_6JkfGv6rQ&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=96&strip=all&quality=5&sig=WD-hXmEWKEQQ_6JkfGv6rQ&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=96&strip=all&quality=5&sig=WD-hXmEWKEQQ_6JkfGv6rQ&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=96&strip=all&quality=5&sig=WD-hXmEWKEQQ_6JkfGv6rQ&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Prime Minister Justin Trudeau. The rationale behind Trudeau's mandate to spend to juice the economy is weakening.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=96&strip=all&quality=80&sig=3adNsQnqvybo7L1-PRdQxw\" fifu-data-src=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=96&strip=all&quality=5&sig=WD-hXmEWKEQQ_6JkfGv6rQ&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=96&strip=all&quality=80&sig=3adNsQnqvybo7L1-PRdQxw, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=192&strip=all&quality=80&sig=BbuY32y2EyPjqMWqmkUAOg 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/05\/Justin-Trudeau-vw0526.jpg?h=288&strip=all&quality=80&sig=47GZsE89LzlyePtYbhwErg 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Trudeau can&#8217;t keep juicing the economy with more spending<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" economists=\"\" are=\"\" raising=\"\" alarms=\"\" around=\"\" immigration=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=96&strip=all&quality=5&sig=phYnW0OIUTINPAUSqR9gAA&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=96&strip=all&quality=5&sig=phYnW0OIUTINPAUSqR9gAA&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=96&strip=all&quality=5&sig=phYnW0OIUTINPAUSqR9gAA&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=96&strip=all&quality=5&sig=phYnW0OIUTINPAUSqR9gAA&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=96&strip=all&quality=5&sig=phYnW0OIUTINPAUSqR9gAA&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=96&strip=all&quality=5&sig=phYnW0OIUTINPAUSqR9gAA&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=96&strip=all&quality=5&sig=phYnW0OIUTINPAUSqR9gAA&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=96&strip=all&quality=5&sig=phYnW0OIUTINPAUSqR9gAA&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=96&strip=all&quality=5&sig=phYnW0OIUTINPAUSqR9gAA&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=96&strip=all&quality=5&sig=phYnW0OIUTINPAUSqR9gAA&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=96&strip=all&quality=5&sig=phYnW0OIUTINPAUSqR9gAA&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Prime Minister Justin Trudeau has set ambitious immigration targets that are forecast to expand Canada's population by nine per cent over the next six years.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=96&strip=all&quality=80&sig=J5bs7RcQdXvAajX_xC33Sg\" fifu-data-src=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=96&strip=all&quality=5&sig=phYnW0OIUTINPAUSqR9gAA&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=96&strip=all&quality=80&sig=J5bs7RcQdXvAajX_xC33Sg, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=192&strip=all&quality=80&sig=Z93Nj8Lrl9mr8Ral6fZ9Ng 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/04\/trudeau-immigration-gs0417.png?h=288&strip=all&quality=80&sig=YqKibTOw1GGReNO_DmEBZg 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Why economists are raising alarms around immigration<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>However, the reservoir of goodwill between the government and corporate Canada has been depleted. Business groups have shifted into resistance mode, and for many in the corporate world, an election cannot come soon enough.<\/p>\n<p><em>Theo Argitis is managing director at Compass Rose Group and publishes the Means &amp; Ways newsletter, in which this commentary first appeared.<\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Mark Carney speculation summer mirage for corporate Canada<\/a><br \/>\n<br \/>2024-07-08 15:37:36<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy For many in Canadian business, a federal election cannot come soon enough Published Jul 08, 2024 \u00a0\u2022\u00a0 Last updated 17\u00a0minutes ago \u00a0\u2022\u00a0 4 minute read&#8230;<\/p>\n","protected":false},"author":2,"featured_media":49027,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/mark-carney-0708-ph.jpg?quality=90&strip=all&w=288&h=216&sig=x5LUw0mZZkfJdbv-iSTmoA","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-49026","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=49026"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/49027"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=49026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=49026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=49026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}