{"id":57910,"date":"2025-03-26T17:19:50","date_gmt":"2025-03-26T17:19:50","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/03\/26\/tariffs-matter-but-canadas-economic-challenges-run-deeper\/"},"modified":"2025-03-26T17:19:50","modified_gmt":"2025-03-26T17:19:50","slug":"tariffs-matter-but-canadas-economic-challenges-run-deeper","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/03\/26\/tariffs-matter-but-canadas-economic-challenges-run-deeper\/","title":{"rendered":"Tariffs matter, but Canada\u2019s economic challenges run deeper"},"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\">Kathleen Polsinello and Terence Smith: This isn\u2019t merely about trade disputes; it\u2019s about an economy losing momentum<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Mar 26, 2025<\/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=\"de6b37fa-eb9c-4c9d-a7a0-87d1b18f9eeb\" 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\">Parliament Hill is viewed below a Canadian flag in Gatineau, Que.<\/span> <span class=\"credit\">Photo by Sean Kilpatrick\/The Canadian Press files<\/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=\"\">Trade barriers and tariffs dominate headlines, yet they only hint at the deeper economic challenges Canada faces.<\/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__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">For decades, we\u2019ve struggled with declining productivity, aging infrastructure, and diminishing competitiveness. Nearly two-thirds of Canadians worry we\u2019re on the wrong path and fear future generations will inherit a tougher reality, according to a recent Boston Consulting Group (BCG) cross-Canada survey.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment2575441607112487404904043279024128\" 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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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 class=\"intro-body__registration_only hidden\">\n<p>THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/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>This isn\u2019t merely about trade disputes; it\u2019s about an economy losing momentum. Canada\u2019s gross domestic product per capita has fallen from 92 per cent of the United States level in the 1980s to just 67 per cent\u00a0 today\u2014 trailing 47 out of 50 U.S. states. These aren\u2019t abstract numbers; they represent lower wages, higher housing costs and fewer opportunities for millions.<\/p>\n<p>This productivity gap has been well publicized over the past year, but what is less discussed are the reasons for it, such as the chronic underinvestment facing our country, and the actions Canada should take to chart a better course. With Canadians heading to the polls in a month\u2019s time, the urgency to set a path that addresses these challenges has never been greater.<\/p>\n<p>History provides a blueprint for the scale of action we now need. As the Second World War loomed, politician C.D. Howe famously declared a national economic emergency, driving transformative investments such as creating Trans-Canada Air Lines (now Air Canada) and massively expanding energy infrastructure through the interprovincial pipeline.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot12 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-headlinenews background--primary-light-gradient\" aria-labelledby=\"FinancialPostTopStories5784617980635792178953580949012480\" 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\/18.3.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 75w, https:\/\/dcs-static.gprod.postmedia.digital\/18.3.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 100w, https:\/\/dcs-static.gprod.postmedia.digital\/18.3.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 150w, https:\/\/dcs-static.gprod.postmedia.digital\/18.3.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 240w, https:\/\/dcs-static.gprod.postmedia.digital\/18.3.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 320w, https:\/\/dcs-static.gprod.postmedia.digital\/18.3.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 500w, https:\/\/dcs-static.gprod.postmedia.digital\/18.3.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 640w, https:\/\/dcs-static.gprod.postmedia.digital\/18.3.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 800w, https:\/\/dcs-static.gprod.postmedia.digital\/18.3.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 1024w, https:\/\/dcs-static.gprod.postmedia.digital\/18.3.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 1280w, https:\/\/dcs-static.gprod.postmedia.digital\/18.3.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 1600w\" alt=\"Top Stories\" loading=\"lazy\" fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.3.1\/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=\"advertisment5104518842340077735584265515565056\" 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>Howe understood something critical: incremental improvements weren\u2019t enough, just as tit-for-tat tariff discussions won\u2019t be enough to address our current headwinds. Canada required bold, urgent actions to reshape its economic future, and it requires the same decisive action today.<\/p>\n<p>The path forward requires both clarity and ambition. A recent report from BCG\u2019s Centre for Canada\u2019s Future outlines this burning platform for Canada and critical missions for future prosperity.<\/p>\n<p>It is clear that our decline is rooted in chronic underinvestment. Canadian companies invest 3.3 times less in intellectual property and 2.5 times less in machinery and equipment than their U.S. counterparts, limiting our digital readiness, constraining innovation and stunting growth. Since 2000, nearly all labour-hour growth has been in low-productivity sectors such as construction, retail and food service, while high-value industries significantly lag global peers.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment3255156350883819787494749311598592\" 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>Our infrastructure, too, is rapidly aging; energy networks, transit systems and digital grids urgently require renewal. We trail Organization for Economic Co-operation and Development peers two to three times in artificial intelligence adoption despite overwhelming support (83 per cent of Canadians) for more high-value, technology-driven jobs, illustrating challenges with implementing and scaling new technology and innovation.<\/p>\n<p>Canada urgently needs bold, transformative economic strategies.<\/p>\n<p>First, we must aggressively reinvigorate investment, particularly leveraging our immense natural resource wealth. Streamlining regulatory processes, cutting red tape and prioritizing nation-building projects are critical to attracting the capital needed. It\u2019s time to unlock stalled investments, from critical minerals essential to the energy transition to long-overdue natural gas infrastructure, especially considering recent urgent appeals from partners that import energy in Europe and Asia.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment9820553631785064499354606734671872\" 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>Expanding international trade is equally critical. Nearly 80 per cent of Canadians say international success is fundamental to a high quality of life. Diversifying trade with Europe and Asia would shield us from volatility, drive growth and strengthen our global standing.<\/p>\n<p>Canada also has a genuine opportunity to become a global powerhouse in advanced technologies such as AI. With world-class universities, abundant talent and a strong innovation ecosystem, strategic investment here could dramatically boost productivity, increase wages and position us at the forefront of global competitiveness.<\/p>\n<p>However, talent alone is not enough. We must rapidly scale AI adoption across industries, encourage commercialization and create a more agile and interoperable regulatory framework that fosters responsible AI innovation. Without decisive action, we risk falling further behind global leaders who are aggressively integrating AI into their economies.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_6\">\n<section aria-describedby=\"advertisment4438731593164452040176961996193792\" class=\"ad\">\n<p>Advertisement 6<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-6\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"6\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-6\" 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>Revitalizing Canada\u2019s economy demands courage, commitment and ambition, especially from those who control capital decisions. Policymakers must boldly remove regulatory barriers, modernize infrastructure and pursue visionary long-term economic policies.<\/p>\n<p>Senior executives who control capital allocation at our largest resource and energy firms, who steward essential infrastructure, have a particular opportunity to decisively invest in nation-building projects that deliver long-term prosperity.<\/p>\n<p>Yet every Canadian can influence our economic trajectory through daily choices: championing investments in critical infrastructure, resisting regional protectionism, supporting Canadian businesses or pursuing skills needed in advanced industries.<\/p>\n<p>From energy boardrooms in Calgary to the mining and agricultural leaders in Saskatchewan and Manitoba, and to the entrepreneurial hubs in Toronto, Vancouver and Montreal, collective action will transform Canada\u2019s economy and secure our shared future.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_7\">\n<section aria-describedby=\"advertisment5287470965073045345062609672470528\" class=\"ad\">\n<p>Advertisement 7<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-7\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"7\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-7\" 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>Canada\u2019s history proves we are not passive bystanders, but innovators shaping global outcomes. From the discovery of insulin to pioneering AI technology breakthroughs, we\u2019ve consistently punched above our weight. Our abundant resources \u2014 natural gas critical to global energy security, minerals essential for green technology and food supplies for feeding global populations \u2014 position us uniquely.<\/p>\n<p>Our reputation for fairness, environmental stewardship and innovation doesn\u2019t just give us a right to succeed; it demands we step confidently onto the global stage.<\/p>\n<section aria-labelledby=\"moreTopicLabel4357141788213566424420658375032832\" 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=\"\" book=\"\" on=\"\" mark=\"\" carney=\"\" plan=\"\" for=\"\" canada=\"\" 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\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-NS.jpg?h=96&strip=all&quality=5&sig=kpc6Fv_y5mHBZHTlN_NE2w&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-NS.jpg?h=96&strip=all&quality=5&sig=kpc6Fv_y5mHBZHTlN_NE2w&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-NS.jpg?h=96&strip=all&quality=5&sig=kpc6Fv_y5mHBZHTlN_NE2w&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-NS.jpg?h=96&strip=all&quality=5&sig=kpc6Fv_y5mHBZHTlN_NE2w&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-NS.jpg?h=96&strip=all&quality=5&sig=kpc6Fv_y5mHBZHTlN_NE2w&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-NS.jpg?h=96&strip=all&quality=5&sig=kpc6Fv_y5mHBZHTlN_NE2w&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-NS.jpg?h=96&strip=all&quality=5&sig=kpc6Fv_y5mHBZHTlN_NE2w&ssl=1&w=640&resize=640&ssl=1 640w, 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data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-NS.jpg?h=96&strip=all&quality=80&sig=nVBwebF1nL-iw8GR5UWjGA\" fifu-data-src=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-NS.jpg?h=96&strip=all&quality=5&sig=kpc6Fv_y5mHBZHTlN_NE2w&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-NS.jpg?h=96&strip=all&quality=80&sig=nVBwebF1nL-iw8GR5UWjGA, https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-NS.jpg?h=192&strip=all&quality=80&sig=joTBe97U5RTJytdFCNG2yg 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-NS.jpg?h=288&strip=all&quality=80&sig=YnGzbEyNNU_ayTRh71h2uA 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">The (missing) book on Mark Carney\u2019s plan for Canada<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" must=\"\" stop=\"\" kneecapping=\"\" the=\"\" economy=\"\" 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\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=96&strip=all&quality=5&sig=H7Xy6D8iFnXna8TZa7c_aw&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=96&strip=all&quality=5&sig=H7Xy6D8iFnXna8TZa7c_aw&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=96&strip=all&quality=5&sig=H7Xy6D8iFnXna8TZa7c_aw&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=96&strip=all&quality=5&sig=H7Xy6D8iFnXna8TZa7c_aw&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=96&strip=all&quality=5&sig=H7Xy6D8iFnXna8TZa7c_aw&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=96&strip=all&quality=5&sig=H7Xy6D8iFnXna8TZa7c_aw&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=96&strip=all&quality=5&sig=H7Xy6D8iFnXna8TZa7c_aw&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=96&strip=all&quality=5&sig=H7Xy6D8iFnXna8TZa7c_aw&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=96&strip=all&quality=5&sig=H7Xy6D8iFnXna8TZa7c_aw&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=96&strip=all&quality=5&sig=H7Xy6D8iFnXna8TZa7c_aw&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=96&strip=all&quality=5&sig=H7Xy6D8iFnXna8TZa7c_aw&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Prime Minister Mark Carney shakes hands with parade goers at the St. Patrick\u2019s Day parade in Montreal, March 16, 2025.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=96&strip=all&quality=80&sig=BGag-PBNEjaqRCgFbM1Pfw\" fifu-data-src=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=96&strip=all&quality=5&sig=H7Xy6D8iFnXna8TZa7c_aw&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=96&strip=all&quality=80&sig=BGag-PBNEjaqRCgFbM1Pfw, https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=192&strip=all&quality=80&sig=NY-mQJh88GsM4ycC8C0_ag 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2025\/03\/Mark-Carney-Quebec.jpg?h=288&strip=all&quality=80&sig=23XyDIsMYDpv154_37h5Wg 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">We must stop kneecapping the economy<\/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>Addressing these urgent economic challenges shouldn\u2019t be partisan. Regardless of the election outcome, the time is now for an unprecedented non-partisan economic task force that spans ideologies to pursue decisive actions that transcend politics. Bold, unified leadership will secure Canada\u2019s prosperity for generations to come.<\/p>\n<p><em>Kathleen Polsinello is head of Boston Consulting Group Canada, and Terence Smith is senior director of its Centre for Canada\u2019s Future.<\/em><\/p>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/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 \/>Tariffs matter, but Canada\u2019s economic challenges run deeper<\/a><br \/>\n<br \/>2025-03-26 17:19:50<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy Kathleen Polsinello and Terence Smith: This isn\u2019t merely about trade disputes; it\u2019s about an economy losing momentum Published Mar 26, 2025 \u00a0\u2022\u00a0 4 minute read&#8230;<\/p>\n","protected":false},"author":2,"featured_media":57911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/no0326canada-flag.jpg?quality=90&strip=all&w=288&h=216&sig=353ZnlGghguFeDxmFeycJw","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-57910","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57910","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=57910"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57911"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}