Don't Buy the Hype; Mark Carney is Just Enriching Himself and Trashing Canada
I apologize in advance, but it is time for a political rant. I have been watching the manoeuvrings of the Mark Carney government as of late as well as the media reporting of those manoeuvrings, and I have to point some things out.
It was around a year ago when Mark Carney was rushed onto the Canadian political stage in order to draw attention away from the slithering retreat of his political predecessor Justin Trudeau. Canada was duped with the old bait and switch. The legacy media conjured up a hype train for Mark Carney that made Canadians think that he was a genius global banker and CEO and that Mark Carney was going to be the saviour of the Canadian dream. The Liberal Party, aided and abetted by the legacy media, claimed that Carney was the only one who could navigate our economic woes (brought on by Justin Trudeau's pathetic lack of leadership skills and the advice of Mark Carney as Trudeau's advisor since 2020) and the difficulties of dealing with big, bad President Donald Trump.
All hail the great Mark Carney!!
Carried on the shoulders of the legacy media to the blunted intellects of Canadians who still haven't learned that the media is carrying water for the Liberal government in order to maintain their government subsidies which pay for the bonuses of the media leadership, Canadians in eastern Canada elected this traitorous wretch into the office of the Prime Minister of Canada. We now have a man at the helm of this country who hasn't lived here since about 2013 and whose family still resides in New York, because they can't get themselves to demean themselves to the lowly state of actually living in Canada. The media also failed to tell Canadians how the British economy basically collapsed under the steady and guiding hand of Mark Carney and how the British populace have been living in our current crisis for longer than we have, thanks largely to Carney's financial policies.
Justin Trudeau was a post turtle Prime Minister; he didn't belong in the position; he didn't understand how he got there; and he was completely out of his element while he was there. Another aspect of the post turtle phrase is that he was unable to change his own position. His ego was too big to step down when he should have and it was also too big to take a chance at another election against Pierre Poillievre, which he would have most definitely lost in a landslide. Trudeau, the previous saviour of the Liberal Party in the mid 2010's had lead the party to what was looking to be an even greater defeat than he had brought them back from. Mark Carney gave Trudeau the chance to try to save face and get out of dodge with his ego still intact, as can be seen by the fact the Trudeau has recently travelled to Davos to speak at the World Economic Forum; as if he has anything worth saying there.
Trudeau was an idiot in a post where he was out of his depth; Carney is no idiot. He has an agenda and he is actively pursuing it, to the detriment of Canada. Carney played Trudeau for the fool that he is and has also played the Canadian electorate for the fool that we are. Now he has position and power, but what has he accomplished for Canadians?
Mark Carney is fast approaching the first anniversary of his role as the Prime Minister of Canada. After the cabinet swearing-in ceremony in May, Carney stated that Canadians could judge his leadership according to the price of groceries. Well, the December inflation numbers recently came out, and food inflation for December, year over year, is up by 5%! That is no small increase! It's not looking good for you Carney. But it is my opinion that this is actually what Carney wants. He wants Canadians to suffer so that we are pressured to go to the government for subsidies and handouts to help us. This is the Liberal platform; make the population so reliant on the government that we will never elect a government that will cut the benefits to us; that is how to keep the Conservatives out of power and the Liberals in power indefinitely. The Conservatives want to return the government to reasonable spending; the Liberals have no idea what reasonable spending means. The more the government spends, the weaker our dollar gets, leading to inflation and the need for more government spending to support the struggling masses; and round and round the merry-go-round goes. Wake up Canada!!
Furthermore, we see our Prime Minister jetting all around the world over the last nine months, presumably working tirelessly to forge new trading relationships with other countries because the relationship with the U.S. is no longer tenable. It is due to the arrogance of Mark Carney that Donald Trump cannot be bothered to give Carney the time of day. Mark Carney has repeatedly attacked Trump flippantly in the Canadian press, and then gone grovelling at Trump's feet the few times that they have actually met. Trump can smell weakness, and he could smell Carney all the way from England. Canada is suffering because of Mark Carney's arrogance and weakness.
Mark Carney is telling Canadians that we need to diversify our trade relations and that Canada can replace the American market by removing internal trade blockages and selling more to foreign countries. America is our largest trading partner with 80% of our trade goods going south. That means that our trade with all the other countries of the world makes up only 20% of our total trade. Mark Carney is saying that under his government, we will double our trade with other countries and thereby replace our American losses and build Canada's economy to be stronger and more resilient than before. The failure of the Liberal government is that we should have been spending the last ten years expanding our foreign trade and making us more resilient to American power plays, but the Liberals are against industrial growth because it undermines their environmental goals, which include net zero and energy poverty for Canadians. But, let's take a look at a few things around all of the claims of the Mark Carney Liberal government around our trade outlook.
According to Stats Canada, in 2024, the last full year of numbers that are available, our exports to the U.S. were valued at $596.1 billion; our exports to China, which is currently by far our second biggest trading partner, were valued at $30 billion. That means that we export 19.8 times as many goods to the U.S. as we do to China. Even if we double our exports to China up to $60 billion, which Carney is telling us he will do, we will still send 10 times more goods to the U.S. than to China. But that isn't even the whole story. When we look at our net export numbers to the U.S. and to China, then we can really see the situation more clearly. The net export numbers tell us the difference between what we sell to and what we buy from any given country. With the U.S., we have a net export value of $218.4 billion, which means that we are selling them that much more than we are buying from them. This is very good for Canada. With China, our net export value is $-58.9 billion. That means that we are buying that much more in value from China than we are selling them.
China does not want to buy from us; they want to sell to us. These numbers make it very clear that China is a losing market to pursue, yet this is Carney's goal. In fact, right now he is touting a trade deal that he claims to have negotiated with China. But I will touch on that more soon.
The other big deals that Mark Carney likes to cite regarding his negotiating prowess are deals that were negotiated but not yet finalized with Indonesia and the United Arab Emirates (UAE). Let's examine our current trade numbers with these two countries and see how much we can improve our economic outlook by "doubling" trade with them.
In 2024 our exports to the UAE were valued at a staggering $2.6 billion and our exports to Indonesia were valued at a whopping $2.3 billion. If we combine and double those numbers, our trade with these two countries could equal $9.8 billion; that is 60 times smaller than our current trade with the U.S. Our net export numbers with these countries are $1.8 billion with the UAE and $-980.4 million with Indonesia. It seems like neither of these countries have much purchasing power, so doubling our trade with these two countries accomplishes little more than nothing for our economy. Mark Carney is counting on Canadians to be too dumb or too lazy to look at these numbers and to just swallow the hype being delivered from this government through the lying legacy media. Don't be taken in. Mark Carney is accomplishing nothing for Canadians through his jet-setting luxury trips on the Canadian's dime. He is only feeding a narrative.
Looking further, yes, Donald Trump is making it difficult to deal with him, but why is he doing this? He wants to return manufacturing and self-sufficiency to his own country. He wants to bring his countrymen up from the gutter that globalist ideologies have dumped them into, reducing the wealth growth of Americans over the last few decades. The U.S. is in the same pickle as Canada is. Low manufacturing capacity, high social costs, high housing costs and high food costs. But while Canada is continuing to march along the very path that brought us to this place, thinking that we just have to keep doing the same thing, but doing it harder, Trump looks back in history and has sees that American strength came from ingenuity and innovation and hard work, and not from laziness, consumerism and heavy social welfare programs that are rife with corruption and fraud. This challenges the goals of the world's so-called elite, of whom Carney is a self-proclaimed proud member. So naturally, Carney does not want to deal with someone who is working to undermine his own goals, therefore, alienating Trump and presenting it at Trump's own stubbornness is playing right into Carney's hands.
Let's also look at the result of Carney's many trips overseas. We don't have a single firm trade deal yet. There has been a lot of talk and a lot of photo ops, but nothing has changed otherwise. Mark Carney is fond of the use of memoranda of understandings (MOU's), which are really nothing more than a written agreement to work towards achieving a goal.There is no substance to an MOU; it is simply a statement that carries no more weight than the piece of paper that it is written on. It gives the appearance of accomplishment without the necessity of actually accomplishing anything.
We see the same thing with Carney's Major Projects Office, which he has claimed will get projects built faster than ever before. The projects that he has been touting have been in the works for years already. The environmental studies have been done, the financing has been arranged and the final aspects of these "nation building" projects are just now getting finished thanks to the work done by others over the last several years. This is not Mark Carney's legacy; if anything, these are Justin Trudeau's and even Stephen Harper's legacies. Read carefully through Mark Carney's press releases and announcements. He makes no promises, especially in reference to "conventional energy" development, which is this country's greatest export strength. Carney makes vague statements about the wealth that we have, but he never promises to unlock that wealth and get it to other markets. His goal is to expand solar and wind energy production, not oil and gas production. His energy corridor does not include oil and gas. This is Mark Carney is a nutshell; an empty promise.
What's worse is that in Carney's attempts to make his efforts seem productive, he is opening Canada up to known threats by way of his agreements with China that he made just this past week. He has opened up Canada to accept cheap Chinese made electric vehicles (EV's) for a promise from the Communist Chinese government that they will lower (not remove) tariffs on Canadian agricultural products "sometime this spring"; we don't even have a firm date. Even Doug Ford has turned his back on Mark Carney, and Ford was Carney's greatest promoter during the last election.
We have seen this type of negotiating weakness from the Liberals before when they gave Stellantis $15 billion dollars with no job protection measures in the agreement. Now what has Stellantis done since Trump came back into the presidency? They are moving their operations from Canada to the U.S. and investing $13 billion into their American operations, leaving Canada high and dry and broke. Our fearless (and feckless) Minister of Industry, Melanie Joly, claims that Stellantis will pay the money back through legal action, but I have far more faith that the Stellantis lawyers will be successful in keeping that money than I have that the Canadian government is competent at writing solid contracts.
What is far worse than the weakness that Mark Carney's government is showing in these deals is the shear lack of understanding that they seem to have about the goals of the Chinese Communist Party (CCP). There are documented cases of the CCP meddling in Canadian politics, threatening political refugees from China through illegal Chinese police stations and embedding malware into the electronics that they send overseas, and now the Liberal government is subjecting Canadians to further opportunities for the Chinese to spy on us, with our government's permission and even cooperation.
Have you ever looked at the new EV's that are coming out? They are chalk full of fancy electronics for operational and entertainment purposes. And what are we told that modern electronics require? Regular internet access in order to receive software updates. We have no way of knowing how much or what kind of information these electronics are gathering and sharing with their developers, and the vast majority of consumers just click on the use agreements in order to get to their new conveniences without a thought towards what they are giving up to get them - like your personal information.
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