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Mark Carney: The Economist Who Took on Trump and Won

  Mark Carney, a former central banker, has emerged as Canada’s prime minister following a dramatic election that reshaped the political landscape. His victory was fueled by a surge of nationalism in response to U.S. President Donald Trump’s aggressive rhetoric and trade policies. Trump’s threats to annex Canada as the “51st state” and impose steep tariffs on Canadian goods galvanized voters, turning Carney’s Liberal Party from underdogs to champions of Canadian sovereignty. Carney’s campaign centered on defending Canada’s independence and rebuilding its economy to reduce reliance on the United States. His experience as governor of the Bank of Canada and the Bank of England lent credibility to his promises of economic resilience. In his victory speech, Carney declared, “President Trump is trying to break us so that America can own us. That will never, ever happen”. The election results marked a stunning comeback for the Liberals, who were initially projected to lose to the oppositi...
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Ontario’s Highway 401 Tunnel: A Costly Vision with Questionable Benefits

 

Ontario Premier Doug Ford’s ambitious proposal to construct a tunnel beneath Highway 401 has sparked significant debate. Experts estimate the project could cost upwards of $60 billion, making it one of the most expensive infrastructure undertakings in Canadian history.

Dr. Shoshanna Saxe, an Associate Professor at the University of Toronto, projects the cost at approximately $1 billion per kilometre, with the total potentially exceeding $55 billion. The tunnel, intended to alleviate congestion on one of North America’s busiest highways, would stretch from Mississauga and Brampton in the west to Markham and Scarborough in the east.

However, critics argue that the tunnel may not effectively address traffic congestion. Ontario Liberal Leader Bonnie Crombie and Ontario Green Party Leader Mike Schreiner have both voiced strong opposition, suggesting that the funds would be better invested in public transit, which could provide more immediate and sustainable relief.

The feasibility study, which is yet to be completed, will provide more detailed insights into the project’s potential costs and benefits. Until then, the debate continues over whether this monumental investment is the right solution for Ontario’s transportation challenges.


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