Mark Carney accelerates energy reforms, prioritizes west-coast pipeline
Summary
Trump's tariffs on Canada have provided Prime Minister Mark Carney with increased political flexibility to push forward significant industry, energy, and infrastructure reforms. As the former central-bank governor, Carney is focused on removing investment barriers and has gained support for his ambitious regulatory reforms aimed at enhancing Canada's construction capacity, the most comprehensive set of measures in a generation. A notable initiative includes the new west-coast crude pipeline, which has been fast-tracked with in-principle pre-approval due to its designation as a "national interest project." Given the recent rise in Carney's political capital and public backing for his proposals, this reform momentum is seen as a pivotal response to the challenges posed by U.S. tariffs.