BY SHONDELL SABAD, SENIOR STRATEGIC ADVISOR AT THE ALBERTA ENTERPRISE GROUP

In recent weeks, two major topics have dominated Canada’s economic conversation—tariffs and Canada’s new Prime Minister, Mark Carney.  These issues are deeply connected, and with new leadership comes an opportunity for a fresh approach.  Canada’s 24th Prime Minister has the chance to strengthen the economy, enhance trade relationships, and rebuild trust with the provinces.  Here’s where he can start:

1. Diversify Trade Partnerships – Overreliance on the U.S. leaves Canada vulnerable. Expanding trade with Asia, Europe, and emerging markets can improve resilience.
2. Invest in Innovation – Supporting advancements across energy, agriculture, and manufacturing will drive long-term competitiveness.
3. Strengthen Domestic Policies – Reducing interprovincial trade barriers, investing in infrastructure, and fostering productivity-focused policies will make Canada more competitive globally.
4. Repair Regional Relationships – Provincial economies are not one-size-fits-all.  A renewed federal commitment to collaboration—especially with resource-rich provinces like Alberta—can rebuild trust and create a more unified economic strategy.

These four priorities align with insights from The Hub’s recent Deep Dive on how Canada can thrive in the new economic order.  It’s a strong foundation for Prime Minister Carney as he begins his new role—read the full article here: DeepDive: Global trade is being unsettled. Here’s how Canada can thrive in the new economic order – The Hub