Mark Carney outlined his goal to double non-U.S. exports during a speech at the University of Ottawa on Wednesday night. However, many observers believe this ambition lacks substance and should not be viewed as a serious government objective.

Carney suggested that Canada could boost its non-U.S. exports by facilitating the construction of pipelines and liquefied natural gas (LNG) export terminals. Critics argue that he appears more focused on increasing government control over the economy rather than promoting practical solutions to enhance exports.

In his address, Carney reiterated themes he has discussed since entering the Liberal leadership race earlier this year. He spoke of the need for “tough choices” in a “dangerous and divided” world and declared that the era of deepening economic integration with the United States is “now over.” He emphasized that Canada’s economic strategy requires significant change, yet many believe his proposals do not reflect a genuine shift in policy.

Prime Minister Justin Trudeau has mentioned a “60-day red-tape review,” but critics point out that there is no clear plan to alleviate restrictions on the energy sector, such as the Impact Assessment Act, the tanker ban, or emissions caps. Carney’s assertion that “Budget 2025 will balance the operating deficit in three years” has also been met with skepticism, as it may not accurately reflect the true financial situation.

Liberal House Leader Steven MacKinnon dismissed the Conservative party’s budget demands, calling them “ludicrous.” Carney’s speech indicated a desire for an expanded government role in the economy, despite acknowledging Canada’s significant oil and natural gas reserves. He highlighted a “foundational agreement” with the European Union, which emphasizes renewable energy and low-carbon technologies, suggesting a shift away from fossil fuels.

The Major Projects Office is responsible for expediting approvals for infrastructure projects, but only those that align with government priorities, including contributions to clean growth and climate goals. Carney cited a changing relationship with the United States as a reason for pursuing a new direction, but his views on this relationship have raised concerns.

Critics note that the Prime Minister won the recent election by suggesting that U.S. President Donald Trump posed a serious threat to Canada, while claiming he was best equipped to mitigate any economic fallout from U.S. tariffs. So far, Carney’s efforts have yielded little beyond a seemingly favorable personal rapport with Trump.

While the U.S. may not always be a reliable partner, many still view it as the best option for global leadership. Carney’s comments about “re-engaging” with China have also drawn criticism, given the country’s questionable intentions and its interference in Canadian elections. Aligning with China could jeopardize Canada’s relationship with the U.S. and pose risks to national security and economic prosperity.

In summary, while Carney promised a new economic vision for Canada, many believe his proposals may lead to increased government intervention rather than meaningful change in export strategies or international relations.