Intel stock spikes after report of possible US government stake
Investing.com -- Canadian Prime Minister Mark Carney, campaigning ahead of the April 28, 2025, election, outlined a strategy to counter U.S. trade disruptions led by President Donald Trump. He described Trump’s tariffs as a rupture of the global economy, urging Canada to forge new trade alliances.
Carney rejected austerity and complacency, proposing a fiscal approach focused on high-paying jobs and shared wealth. His plan aims to build Canada into the G7’s strongest economy while preserving social programs like child care.
A key announcement was a mid-career training benefit offering up to $15,000 per worker in manufacturing, construction, tech, and AI. The program targets lifelong learning to keep Canada’s workforce competitive.
This builds on Carney’s earlier pledge to fund apprenticeships with grants of up to $8,000. He emphasized partnerships with employers and provinces to ensure workers are mobile and adaptable.
Addressing reports of Honda (NYSE:HMC) considering relocating production from Canada to the U.S., Carney called U.S. tariffs a misguided attack on the integrated North American auto sector. He predicted exemptions for auto parts, following Canada’s lead, would likely become permanent.
Carney confirmed discussions with global automaker CEOs to protect Canadian jobs. His government has introduced financing support and a six-month tariff reprieve for imported manufacturing goods.
He contrasted his collaborative vision with Conservative leader Pierre Poilievre’s proposed cuts to social programs and institutions like CBC Radio-Canada. Carney argued unity and investment are critical to navigating the crisis.
The speech underscores Canada’s challenge to balance economic resilience with global trade shifts. Carney’s focus on training and jobs aims to rally voters amid uncertainty in U.S. relations.
Carney also confirmed with CBC that his Liberal Party will release a "full-costed platform in great detail." The platform is set to release before advance polls close on Monday.