[Canada Lahoo.ca Comprehensive Report] After the election, Carney has shown his determination for change by vowing to drive economic transformation in Canada, and Canada is set to experience "the largest economic transformation since World War II."
Mark Carney stated on May 2 that he would meet with U.S. President Donald Trump in Washington D.C. next week, where they will discuss how to advance Canada-U.S. relations.
(Image source: Global News)
Carney said: "Our focus will be on current trade pressures and the broader future economic and security relationship between two sovereign nations."
He added: "My government will strive to secure the best possible deal for Canada. We will spend as much time as necessary, but no more than that."
Carney also mentioned that Ottawa will continue negotiating trade deals with other trading partners.
"At the same time, we will strengthen our relationships with reliable trading partners and allies. Canada possesses everything the world needs, and we uphold values respected by the world," he said.
Carney also promised significant changes to bring about "the largest economic transformation since World War II."
It's getting exciting! So what specific changes will Carney make? His main commitments in response to reporters today are as follows:
First, Canada will eliminate interprovincial trade barriers before July 1st, which is expected to significantly boost Canada's GDP.
Second, Carney also stated that his commitment to middle-class tax cuts will also be achieved before July 1st.
In addition, Carney revealed that he will not seek a formal governing agreement with the federal New Democratic Party.
"We established very clear goals and policies during our campaign and received the highest votes in Canadian history. Yes, it was not an absolute majority, but it was the highest number of votes ever," he said.
When asked whether he would reach a formal agreement with the NDP, Carney replied: "No. Plain and simple, no."
However, according to Elections Canada, after the validation process, the winner of the Tailebonne riding in Quebec is the Bloc Quebecois, and the Liberal Party won 168 seats, one less than the total on Monday.
The Conservative Party won 144 seats, the Bloc Quebecois obtained 23 seats, the New Democrats won 7 seats, and the Green Party secured 1 seat.
This generally means they need at least four votes from other parties to pass any legislation or through a confidence vote. If no formal agreement is reached with the NDP, the Bloc Quebecois government may be imminent... In this election, Quebec could be the biggest winner.
Yves-François Blanchet, leader of the Bloc Quebecois, called this week for a "party truce" with other federal parties to prioritize negotiations with the United States.
In addition, for Perrin, who unexpectedly lost his riding, he will face a by-election in Alberta.
Carney said that if the Conservatives choose to have another Conservative MP vacate their won seat to give Polievre another chance to win, he will ensure that a by-election is held promptly.
Carney said: "I have informed Mr. Perrin that if he and the Conservatives decide to hold a by-election, I will ensure it happens as soon as possible." He referred to the by-election as just that, without delay or complications.
Here are some key dates for Carney's minority Liberal government:
May 12: Cabinet swearing-in. Carney was sworn in as Prime Minister of Canada in March, and cabinet ministers retaining their previous roles do not need to be re-sworn, although they can choose to do so. However, any new ministers or those assuming other roles must be sworn in.
May 26: Parliament reconvenes. Carney confirmed that the House of Commons will reconvene on May 26, marking the first day of the 45th Parliament.
May 27: The King's Speech. On May 27, the Speech from the Throne will be delivered, outlining the government's priorities and officially opening parliament. King Charles III will deliver the Speech from the Throne – the first time a Canadian king has opened parliament since Queen Elizabeth II did so in 1977.
June 2nd or around: First confidence vote. After the Speech from the Throne, the government will propose a motion leading to a six-day debate, followed by an effective vote in the House of Commons approving the Speech from the Throne and government agenda. Former Clerk of the Privy Council Michael Wernick noted that even the Conservatives might only "symbolically oppose" government bills but will retain enough members to avoid inadvertently causing the government to fall.
June 20: First budget. The first obstacle facing Carney's government will be the introduction and passage of its first budget. Federal budgets are usually released in spring, but this year it was delayed due to the election, and the House of Commons' spring budget schedule is June 20th.
Given Carney's reputation as both the Governor of the Bank of Canada and the Governor of the Bank of England, all eyes will be on the differences between the first Liberal budget under his leadership and the autumn fiscal update report – the autumn fiscal update report predicts a deficit of 48.3 billion CAD this fiscal year and an additional expenditure of 24.2 billion CAD over six years.
The platform published by the Liberals during their campaign promised an additional expenditure of 35.2 billion CAD next year and an additional expenditure of 129 billion CAD over the next four years, which will further increase the deficit over these four years. These four-year spending targets include a one-percentage-point tax cut for the lowest income bracket.
Carney also promised to divide the budget into operating and capital budgets and achieve operational budget balance by the 2028-2029 fiscal year. However, according to the platform, he will still have a deficit of 48 billion CAD in capital budgets in that fiscal year.
This budget will also be another test of confidence for the minority government.
Lastly, July 1st, as we previously mentioned, Carney is expected to officially abolish "interprovincial trade barriers" and complete the tax cuts before this date.
BC Premier: Less money should go to Quebec!
After Carney was officially sworn in, BC Premier David Eby congratulated Prime Minister Mark Carney on his victory but also put forward demands to the federal government at the same time.
(Image source: Vancouver Sun)
As a top priority, Premier Eby said eliminating interprovincial trade barriers is a "key priority." The premier said: "Doing business with Ontario should be as easy as doing business with Washington State right now."
BC Premier has agreed to Carney's deadline of July 1st for reaching free trade agreements among provinces. Currently, BC's authorized legislation for reducing interprovincial trade barriers is being reviewed in the provincial legislature.
In addition, the BC Premier also urged Ottawa to treat BC fairly when allocating programs and projects.
Eby said: "I hope BC Members of Parliament can assist our provincial government to ensure that the federal government meets my basic expectations, as well as those of all BC residents."
If Quebec and Ontario have federal projects, then we can enjoy the same projects in BC and receive equal levels of funding based on population size. We don't ask for more, nor do we ask for less; we just want equality.
In fact, Premier Eby has long had complaints about federal subsidies. At the beginning of the federal election campaign, there were speculations that Carney would follow the example of the 1990s Liberal Party and cut subsidies to the provinces. Eby was asked about his concerns regarding this matter at that time.
"I won't lose sleep over this issue," said the BC Premier. "BC already receives too little funding from the federal government."
He also expressed dissatisfaction with the equalization payment system, which is a formula-based payment method aimed at helping poorer provinces match the services provided by wealthier provinces.
"Quebec receives 13 billion CAD in federal payments annually. Ontario receives 1 billion CAD. Manitoba receives 5 billion CAD. We receive nothing, Alberta receives nothing, and Saskatchewan receives nothing," said Premier Eby.
Wow, this is truly a massive transfer of wealth from west to east... Are Quebec and Ontario really poor?
"I hope Mr. Carney reviews all federal payments to ensure they are basically fair nationwide, distributed equally per capita, and people understand why one province receives more than another," said Premier Eby.
However, if the Liberals and the Bloc Quebecois join forces... BC might be disappointed again.
Source: Vancouver Sun, Global News
Original article: https://www.toutiao.com/article/7499971410580881961/
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