Carney is a market-based progressive, but what does this actually mean for our PM and defacto Chief Economist?

Key Points:

  • Technology is a fundamental enabler of future prosperity and future public service delivery. 
  • Business experience and reorganization of the public service are critical elements of the macroeconomic agenda.
  • Attracting investment is about incentives, not mandates and prohibitions.
  • Unions are core to higher wages – not just productivity in and of itself.
  • Competition is a necessary ingredient to a more dynamic economy.
  • Fiscal multipliers matter. 

This is the last instalment of the Carneynomics essay before Budget 2025 is released next week and some of my analysis is put to the test. I’ll continue with more on this in future posts as relevant. But in light of the imminent Budget let me address a few wide-ranging points about how Prime Minister Carney’s fiscal and economic approach are different from Trudeau that I haven’t yet delved into. (To see more of this series, consult part 1 and part 2 on the changing budgeting framework and fiscal rules). 

There are six points to make:

This post is for paying subscribers only

Subscribe now and have access to all our stories, enjoy exclusive content and stay up to date with constant updates.

Subscribe now

Already a member? Sign in