On the campaign platform, Carney plans to invest in the army and infrastructure while still reduces spending.
The Canadian Prime Minister, Mark Carney, has presented plans to reduce taxes and strengthen defense spending, arguing that Canada must project the economic force and defend its “sovereignty” of the United States amid relations with its neighbor.
Carney, who became Prime Minister after Justin Trudeau resigned on March 14, presented the campaign plan of his liberal party on Saturday before the parliamentary elections on April 28.
The vote will determine whether Carney, the former governor of the Bank of Canada and the Bank of England, assures a mandate to continue as a prime minister or if the rival conservatives, led by Pierre Poilievre, take power.
Carney has said that he is the best person who faces the president of the United States, Donald Trump, who has opened a crack in relations with the traditional ally of the United States, imposing heavy tariffs and even threatening with the Annex of Canada as state 51 of the United States.
“President Trump is trying to break us so that the United States can own us, and that will never happen,” Carney said on Saturday. “Canada is not the United States, and it will never be, but we need to do more to recognize that. We need a plan to deal with this new reality.”
'Invest very little'
The Carney Plan includes investing more in infrastructure and defense while reducing income taxes. It also visualizes a commercial diversification fund to help exporters expand outside the US tariff market.
“We are in a huge crisis, so we have to be able to do two things: one, keep that waste expense, what we will do, but much more than that, we must be bold and boost the investment in the economy and take advantage of the incredible opportunities we have,” said Carney.
The plan would increase defense spending to exceed a 2 percent NATO target of the gross domestic product by 2030. It includes the purchase of more submarines, drones and breakwells. Canada will also invest in transatlantic security with European partners “with related ideas,” said Carney.
Pailievre has also requested a higher defense expense, although it has proposed to compensate with deep cuts to the “wasteful” foreign aid.
Carney aims to balance the budget within three years by reducing expenses in the Federal Public Service, all while safeguarding medical care and pensions.
“The government has been spending too much, and Canada has been investing very little,” he said.
