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Canada: Senate Passes Carney's 'One Canadian Economy Act'

Canada: Senate Passes Carney's 'One Canadian Economy Act'

Above: Mark Carney at the end of an EU-Canada Summit in the Europa Building, the EU Council headquarters, on June 23, 2025. Image copyright: Thierry Monasse/Getty Images

The Spin

Fast-tracking projects makes economic sense when Canada faces unprecedented challenges from U.S. tariffs and global competition for critical minerals. The legislation includes proper safeguards for Indigenous consultation and environmental standards while creating certainty for investors.

The rushed legislative process demonstrates contempt for parliamentary democracy and proper scrutiny of major policy changes. Senators were given only days to analyze sweeping legislation that granted the cabinet unprecedented discretionary powers to circumvent federal laws.

This legislation will finally unleash Canada's economic potential after decades of regulatory gridlock. Eliminating interprovincial trade barriers and fast-tracking projects will help Canada build critical infrastructure faster, creating certainty for investors and strengthening the economy in a competitive global market.

Bill C-5 is a dangerous power grab that tramples Indigenous rights and environmental protections in the name of economic expediency. The government gave Indigenous communities just seven days to review legislation that could override the Indian Act and bypass crucial consultation processes.

Fast-tracking projects makes economic sense when Canada faces unprecedented challenges from U.S. tariffs and global competition for critical minerals. The legislation includes proper safeguards for Indigenous consultation and environmental standards while creating certainty for investors.

The rushed legislative process demonstrates contempt for parliamentary democracy and proper scrutiny of major policy changes. Senators were given only days to analyze sweeping legislation that granted the cabinet unprecedented discretionary powers to circumvent federal laws.

This legislation will finally unleash Canada's economic potential after decades of regulatory gridlock. Eliminating interprovincial trade barriers and fast-tracking projects will help Canada build critical infrastructure faster, creating certainty for investors and strengthening the economy in a competitive global market.

Bill C-5 is a dangerous power grab that tramples Indigenous rights and environmental protections in the name of economic expediency. The government gave Indigenous communities just seven days to review legislation that could override the Indian Act and bypass crucial consultation processes.

Metaculus Prediction

There's a 20% chance that the U.S.-Mexico-Canada Agreement (USMCA) will be extended promptly at its July 2026 joint review, according to the Metaculus prediction community.


The Controversies



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