"Canada's prime minister Mark Carney likes to say that when he was young, we used to build big things in this country, and we used to build them quickly. That idea of sprawling projects that transform nations, has influenced both his narrative as an economist-turned politician and his government's multibillion dollar investment spree. It's time to get back at it, and get on with it, he said in September."
"On Thursday, Carney touted a slate of new nation-building projects, totalling more than $C56bn in new investment, that his government will help fast-track in order to boost Canada's competitiveness. But those plans, which include mines and natural gas export, heavily favour investment in a resource-based economy that falls short on projects that experts say could change the day-to-day lives of Canadians and reimagine the country's future."
"Carney made the announcement in Terrace, British Columbia, at the site of a site of proposed C$6bn, 280-mile power line. The line is meant to secure tens of billions of dollars in private-sector investments, including a string of critical-mineral mines, for the sparsely developed north-west corner of the province. The federal government's hope is that it fend off economic threats from Donald Trump whose trade war with one of his closest allies has threatened to plunge the Canadian economy into a recession."
The Canadian government announced a C$56bn slate of fast-tracked nation-building projects emphasizing resource-based investments to boost competitiveness and find markets beyond the United States. The projects include a proposed C$6bn, 280-mile power line in north-west British Columbia, critical-mineral mines, natural gas export facilities, a BC LNG project, a nickel mine in Ontario, a mine in New Brunswick, a graphite battery project in Quebec and a hydroelectric project in Iqaluit. The plan also includes a conservation corridor between north-west BC and the Yukon roughly the size of Greece. The initiative aims to attract private-sector investment and counter economic threats from U.S. trade tensions.
Read at www.theguardian.com
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