Saturday Morning Confusion!

Guest Post: 

ALLAN:

For the Canadian haters out there that enjoy being against everything Carney does:

You seem to forget who Mark Carney actually is.

This is the guy who kept Canada out of the 2008 financial meltdown:

• Only G7 country that didn’t need bank bailouts

• Faster recovery than the US and Europe

• IMF used Canada as the stability model

Even Harper wanted to make him his Finance Minister.

Then the UK hired him as the first foreign Governor of the Bank of England in 300 years:

• Held inflation steady through the Eurozone crisis.

• Guided the UK through Brexit without a banking collapse.

• Earned the trust of every serious financial institution on earth.

Now here’s the part nobody wants to talk about: The fucking mess he inherited in Canada.

He walked into a country with:

• Some of the worst productivity growth in the OECD.

• A housing crisis caused by years of underbuilding and red tape.

• A permitting system so slow that investors literally avoid us.

• Delays in energy, mining and infrastructure that scare off capital.

• Population growth with no matching capacity build-out.

• Business investment fleeing to the US.

• Inflation was already elevated before he touched a thing.

• A government machine that insiders said was disorganized and unfocused.

That’s the starting point. Not a clean slate. A long-term mess.

And here’s what he’s been pushing since stepping in:

• A real productivity plan instead of slogans.

• Targeted investment that actually increases output.

• A national build-out of housing, energy, AI infrastructure and critical minerals.

• Fixing the broken permitting system so projects get approved in months, not geological time.

• Fiscal discipline that supports the Bank of Canada... instead of fighting it.

Markets have already reacted calmly to his signals because they trust he knows what he’s doing.

And here’s the part the public never sees.

I know people high up in the government. They all say:

• The place hasn’t been this organized in years.

• Carney runs a tight ship.

• He cuts through noise and forces execution.

• The internal standard jumped the moment he arrived.

What I find funniest is that Carney governs from the centre-right.

If he were actually a conservative, all the haters would love him.

That’s the human condition; we’re programmed for tribalism.

People love being “against.”

It’s easy.

Running an economy through global inflation, supply chain shocks and a decade of structural decay is not.

Let’s take a step back. Canada finally has someone at the wheel who’s actually done this before.

Twice!

Maybe instead of tearing him down for sport, we cut the man some slack and let him cook.

If you don’t like him, then don’t vote for him at the next election.

For now, it’s in all of our interests for him to succeed, especially when he’s the one flying the plane!

By Tony Young