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1h ago

Carney’s National Projects Get Cool Reception as Central Bank Presses Trade Pivot

Fresh polling points to limited enthusiasm as many Canadians urge priority for oil and gas.

Election signs along Edmonton Trail in ward 9. Women make up 28 per cent of councillor candidates in the 2025 municipal election.
Traffic calming measures include flex posts (bollards) on the streets of Ottawa: One reader suggests they are a waste of money.
The TMX Market Centre is shown in Toronto, Wednesday, Sept. 11, 2024.
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Overview

  • An Angus Reid survey finds 44% satisfied, 32% dissatisfied and 24% undecided with the first five ‘national interest’ projects, with only 9% saying they are completely satisfied.
  • The most common complaint is the absence of new oil and gas pipelines, and 57% of respondents say Ottawa should fast-track more oil and gas projects.
  • Reaction breaks along party lines—66% of Liberal voters are satisfied versus 28% of Conservatives—while Carney’s overall approval holds near 50%, and opinion on fast-tracking the projects is split (31% for, 35% against, 34% undecided).
  • Bank of Canada Governor Tiff Macklem, citing the hit from U.S. tariffs and recent economic weakness, underscored the need to diversify markets, fix east–west corridors and speed approvals after the policy rate was cut to 2.5%.
  • Ontario economic development minister Vic Fedeli is accelerating trade missions to reduce reliance on the U.S., pointing to 409 company investments, $40 billion and 24,711 jobs from last year’s efforts as he targets 15+ countries by Oct. 2.