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

As we approach the Canadian federal election, much of the national conversation has focused on the leaders.  Pierre Poilievre’s values and political priorities are well-documented.  In contrast, Mark Carney’s values remain less explored.  While his extensive experience in global finance and leadership roles as Governor of the Bank of Canada and the Bank of England are well-known, the question remains: Who is Mark Carney as a person?  How will his values shape his policies if he wins the upcoming election?  This is a question voters must consider, as it could significantly influence Canada’s future.

It’s essential for Canadians to understand Mark Carney’s leadership style, values, and vision for the country, as these will be key in shaping the direction of Canada should he become Prime Minister. To gain a deeper understanding, we must look at his book, Values: Building a Better World for All.  In it, Carney outlines his worldview, economic philosophy, and his commitment to climate action, inclusive growth, and what he calls “responsible capitalism.”

Opportunities and Threats Under Carney

In Values, Carney stresses that capitalism must evolve to better serve society.  He advocates for a more inclusive and sustainable model, where businesses focus not just on profit but also on their social impact.  His vision prioritizes long-term outcomes such as social equity, environmental sustainability, and responsible governance.

Carney is deeply committed to addressing global challenges like climate change, viewing finance as a critical tool in driving the green transition.  He calls for massive investments in clean energy and the mobilization of capital to tackle these challenges.  Additionally, he emphasizes the need for innovation in creating financial systems that integrate environmental, social, and governance (ESG) factors.

However, this values driven approach raises concerns.  While Carney’s focus on sustainability and social responsibility presents significant opportunities for innovation and global leadership, it could also lead to regulatory overreach.  His strong belief in ESG could result in top-down mandates that may disproportionately affect industries like energy and agriculture, particularly in resource-driven provinces.

Ultimately, Values offers a window into Carney’s leadership philosophy, outlining both the potential benefits of a more ethical, sustainable economy and the challenges that could arise from such an approach.  Understanding these values is crucial to predicting how Carney might govern as Prime Minister.

Carney’s vision closely aligns with key elements of the Liberal Party’s platform, particularly its emphasis on sustainability, innovation-driven economic growth, and social inclusion. His approach could reinforce policies focused on green energy, sustainable finance, and inclusivity.

As Canadians, we must ask ourselves: Do these values align with mine?  The upcoming election offers us the chance to decide.  By exploring Carney’s book, Values: Building a Better World for All, and reviewing the Liberal Party’s platform here, we can better understand the opportunities and threats his leadership could bring.