Carney vows to double non-US exports, says Canada must ‘play to win’ | FULL

Adapting to a New Global Reality

• ⚠️ The world is experiencing a rupture, not a smooth transition, with increased danger, division, and a fundamental shift in the US approach to trade, including higher tariffs.
• 📉 Canada's decades-long economic integration with the United States, once a strength, has become a vulnerability, threatening jobs and investment due to protectionism.
• 💡 This new reality necessitates a dramatic change in Canada's economic strategy, as the relationship with the US will never be the same.

Leveraging Canadian Strengths

• ⚡ Canada is an energy superpower with vast oil, natural gas, and 85% clean electricity, alongside significant critical minerals and rare earth resources.
• 🤝 The nation's values of human rights, dignity, individual freedom, and a pluralistic society are assets that the world aspires to.
• 🚀 Canada has a history of building big things and taking bold risks, which must be reignited to confront a more competitive world.

Strategic Economic Transformation

• 🎯 The goal is to double non-US exports over the next decade, aiming for over $300 billion more in trade through new orders for Canadian resources and technologies.
• 🏗️ The upcoming budget will focus on "building Canadian" by prioritizing Canadian steel, aluminum, lumber, and technology for national projects and defense.
• 🏡 Major nation-building projects are underway, including investments in nuclear power, LNG, carbon capture, critical minerals, and efforts to double housing construction pace.

Protecting and Empowering Canadians

• ✅ The government is implementing the strongest legislation to secure borders, combat gun trafficking, illegal drugs, hate, and violent intimidation, alongside hiring new RCMP and border officers.
• 🛡️ Canada is undertaking the largest increase in defense spending in generations to reinforce sovereignty and forge new partnerships with allies.
• 💰 Efforts include lowering costs for Canadians through tax cuts, creating high-paying careers in new industries, and unlocking new apprenticeships and skills training programs.

Fiscal Outlook and Future Commitment

• 📊 The upcoming budget aims to balance the operating deficit in three years by reducing wasteful government spending and streamlining services.
• 📈 While facing challenges like high cost of living, the economy is holding up, with inflation sharply down and housing starts up, but more action is needed.
• 🤝 The government promises to be transparent and fair in making difficult choices, working collaboratively to "play to win" and bet on Canada.