Friday, September 12, 2025

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Friday, September 12, 2025 | Latest Paper

The One Canadian Economy Act: a new governance framework

Sean Fraser

Governance is about relationships as much as it is about rules and structures. The legislation is only the framework. So far, there has been much unity around the first ministers’ table. But time will tell how durable this solidarity is and whether it can have a positive effect on Canada’s relationship with Indigenous Peoples. 

Buckle up, federal public service cuts expected to be deep

Mark Carney

Prime Minister Mark Carney promised to save $25-billion and to boost military spending significantly, but he and his government better make sure the cuts don’t affect vital services to Canadians, including at the Canada Revenue Agency, Employment and Social Development Canada, and Citizenship and Immigration. That would create another other mess for the country, and no one wants that. The government is also setting itself up for another showdown with the public service unions.

Pierre Poilievre is riding the wrong horse

The Conservative leader is having trouble getting support, especially from women, partly because he is seen to be too much of an attack dog. If he is going to be successful, that approach must soften. 

Carney faces storm clouds ahead

Essentially, when the dark clouds gather, Carney will have to convince Canadians he’s making the best decisions he can based on the realities he faces. 

Carney’s fall budget could be the toughest one Canadians have ever faced in peacetime

Mark Carney will still face a domestic economy with weak growth prospects while having no choice but to act quickly to bring fiscal discipline to the federal government with deep spending cuts to programs prized by many Canadians, catalyze a huge and disruptive transition to a more competitive and productive economy less dependent on the U.S., and undertake a massive boost to defence and infrastructure spending.