Mark Carney is making a bet.

He believes massive public investing now will position the Canadian economy to grow in spite of the trade war and the shifting winds of global geopolitics.

By the 2030-31 fiscal year, the federal government will shoulder $85.5 billion in annual public debt charges. By then, Carney hopes the bet will have paid off and the economy will have undergone a transformation.

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[–] 3 points 7 hours ago

I don't disagree with any of this. I will only add that seeking investment from around the world also puts global pressure on the US not to fuck with us. It was the promise of globalization and trade countries that depend on each other are less likely to attack each other. Canada unwittingly put too many eggs in the American basket, and is now trying change that.

Still, I agree with your point.

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