Even while Mark Carney has been accused of lowering his elbows in regards to American tariffs, he continues to frame the larger challenge facing this country in stark terms.

"What's going on is not a transition," Carney said last week in Mississauga, Ont., while announcing an array of measures for industries impacted by the American administration's actions. "It's a rupture. And its effect will be profound."

He saw the arrival of a "new age of economic nationalism and mercantilism" and described the current moment as an "age of adversity." He invoked major nation-building infrastructure projects of the past and the national mobilization that took place in Canada during and after the Second World War.

"At this moment of profound change, we bear the same responsibilities and we should h

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