Mortgage

Key portfolios for business community can watch Carney’s cabinet sworn in

By Sammy Hudes

Company leaders and business associations say their priorities include taking responsibility for his commitment to launching national construction projects, as well as clicking the reset button on energy and environmental documents.

Here are some ministers, along with some key items on their to-do list.

François-Philippe Champagne

After taking over the files before the federal election, Champagne maintained his post after taking over the files. He will be charged with executing a campaign platform that includes about $129 billion in new measures that will increase the deficit over the next four years, including cutting a one-percent tax tax to the minimum income range.

Carney promised to split the budget into operations and capital flows and balance operations through 2028-2029 while losing a $48 billion deficit in capital for the fiscal year. The platform also promises to increase government spending from 9% to 2%, while increasing spending on new planned trade wars with the U.S.

Chrystia Freeland, Dominic LeBlanc and Maninder Sidhu

To demonstrate the importance of trade archives, the three ministers will map new ways to trade relations with the United States in Canada and new ways to reduce obstacles at home.

Leblanc is a key figure in charge of Canadian-U.S. trade, intergovernmental affairs and the “Canadian economy” while former deputy prime minister Freeland is the new minister in transportation and internal trade. Sidhu is the Minister of International Trade.

Their work was cut after Carney and Donald Trump’s meeting in the Oval Office last week, and the U.S. president said there was nothing to convince him to sign tariffs on Canada immediately. The two also talked about renegotiating the Canadian U.S. Mexico deal, Carney noted: “Something about it will have to change.”

Faced with tariffs, Carney said removing internal trade barriers in the provinces – a task he hopes to reach on Canada Day could increase the size of Canada’s economy by 250 billion CAD.

Gregor Robertson

Former Vancouver Mayor Robertson, who served as Secretary of Housing and Infrastructure, brought him attention when the federal government responded to Canada’s housing crisis. During the campaign, the Liberal Party promised to double the residential construction rate over the next decade to reach 500,000 households a year.

The highlight of the plan is that it emphasizes the expansion of prefabricated housing construction. It said a new entity called “Build Canadian Houses” will provide $25 billion in debt financing and $1 billion in equity financing to provide pre-made home builders with reduced construction time by up to 50%.

Evan Solomon and Melanie Joley

Carney’s cabinet has shaped a new position as Minister of Artificial Intelligence and Digital Innovation, led by former journalist Solomon, while adjusting Joly from foreign affairs to industry archives.

Tech companies will keep an eye on how Ottawa has laid out rules and regulations around AI, especially after former Prime Minister Justin Trudeau wiped out some suggestions when he announced parliament in January. For example, the C-27 Act would create three new behaviors rooted in consumer privacy, data protection and AI guardrails.

The federal government also has a voluntary AI code of conduct, with signatories promising to equip their AI systems with risk-reducing measures, using adversarial testing to reveal vulnerabilities in such systems and track any harm to the cause of technology.

Julie Dabrusin and Tim Hodgson

Minister of Environment and Climate Change Dabrusin and Minister of Energy and Natural Resources Hodgson will also work closely. As the government works to balance the growth of the energy sector and environmental issues, the directions of the two documents will be largely intertwined.

During the campaign, Carney said the openness of building more pipelines in Canada, while vowing to cut approval time to build projects faster. He also said that letting oil flow from western Canada to the United States to Ontario, Quebec poses a national security threat.

But he said his administration will not repeal Bill C-69, which overhaulses how it affects national infrastructure projects.

The Prime Minister also confirmed that despite Alberta Prime Minister Danielle Smith’s request and the willingness of the energy sector as a whole, his administration will keep Ottawa’s oil and gas production emissions, but rapid investment in carbon capture to meet these emission targets

Visited 112 times today, 112 times

Last modified: May 13, 2025

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button