With the Liberal Party leadership race underway, candidates are outlining their visions for the country, with a particular focus on navigating the economic challenges posed by U.S. President Donald Trump's protectionist policies. Mark Carney, Chrystia Freeland, and other contenders are proposing a range of solutions, from retaliatory tariffs to investment diversification, as they seek to position themselves as the strongest leader to confront Trump's threats to the Canadian economy.
In just under a month, Liberal Party members will choose their next leader, who will automatically become Canada's next prime minister. At least until the next election. Candidates vying to replace Prime Minister Justin Trudeau on March 9 are starting to flesh out their visions for the country. This unusual leadership race has seen the main challengers pivot to confront the existential threats to the Canadian economy lobbed by U.S. President Donald Trump .
Here's how the contenders are responding to Trump's tariffs and what they're pitching on the home front.Mark Carney has spent the first half of the race fanning across the country, promising to bring a centrist focus on the economy if he's successful in replacing Trudeau. Since launching his campaign, Carney — who has amassed the most caucus support — has dropped hints about the policies he'd bring in. But so far they have mostly been void of specifics. During a news conference last week, the former Bank of Canada governor said he'd cut middle-class taxes, scrap the Trudeau government's capital gains tax increase, up defence spending to hit the NATO target by 2030 and 'boost' the incomes of young Canadians. Trump is forcing Canadian leaders to grapple with what they can't control — and what they canOn Thursday, the former Bank of Canada governor suggested he'd get new homes built and lower building costs, 'by including steps to promote innovation and increase productivity in the construction industry.' How all those new programs would work is still unclear. Carney's campaign has so far provided few details, including how much they'd cost. Earlier this week, Carney was asked why he hasn't released more concrete policy details. Carney rejected the premise of the question.'What I'm saying out here in ways that Canadians can understand and relate to their day-to-day life is all backed up by detailed policies. time and place to reveal all of that.'Liberal leadership candidate Mark Carney, speaking from Vancouver on Thursday, said 'nothing is pre-wired' when asked whether he would call an election right away if he wins the party leadership race.Carney, once a vocal proponent of carbon pricing, has said he'd replace his party's consumer carbon tax with an incentive program that he promises will reward Canadians for making green choices. He has vowed to keep the output-based pricing system levied on large industrial emitters.If Trump follows through on his tariff threat, Carney has said he supports dollar-for-dollar retaliatory tariffs. In the longer term he has repeatedly pushed the need for Canada to attract investment, diversify trade and ease internal trade barriers in the face of an increasingly protectionist White House.Chrystia Freeland the candidate has spent the first half of the race distancing herself from Chrystia Freeland the former finance minister. Out of the gate she promised policy shifts that put her at odds with the government she once held a key role in, including scrapping the carbon tax — the Trudeau government's marquee environmental policy — and abandoning changes to the capital gains tax. Freeland — who led Canada's response to Trump during his first term — has angled herself to voters as a tested negotiator to take on the president during his second term. This week she renewed her calls for Canada to take a more aggressive stance to deal with the U.S. administration, including dollar-for-dollar retaliation on any tariffs and 100 per cent tariffs on Teslas, the electric vehicles made by key Trump adviser Elon Mus
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