Overview

• Mark Carney, leading a newly elected Liberal minority government, has outlined plans to reduce Canada's reliance on U.S. trade by strengthening domestic supply chains and fostering international market ties.
• The government aims to implement a 'Made in Canada' strategy through backward integration in key sectors like steel, aluminum, and critical minerals to support industries such as auto manufacturing and housing.
• Carney has pledged to make Canada an 'energy superpower' by developing new trade and energy corridors for both clean and conventional energy in collaboration with provinces and Indigenous communities.
• One of Carney's first actions as prime minister was repealing the federal carbon tax, a move seen as addressing affordability concerns but raising questions about the balance between economic and climate goals.
• Indigenous leaders expressed cautious optimism about Carney's commitment to UNDRIP and doubling federal infrastructure funding for Indigenous communities, while emphasizing the need for genuine partnership in development projects.