Liberal Leader Mark Carney has unveiled a plan to support the Canadian economy amidst the U.S. trade war and market uncertainty. Carney stated that he has experience in navigating economic crises, having helped Canada and the U.K. through previous challenges.
Carney’s plan includes short-term strategies such as relaxing employment insurance requirements and deferring corporate tax payments. He also promises to reduce the amount of money retirees must withdraw from their registered retirement income funds by 25% if re-elected, and to accelerate major investments to spur economic growth in the medium term, with a focus on natural resources projects and diversification of trade with reliable partners.