Carney’s Post-Election Plans: Trade Talks with Trump, Economic Security, and Energy Push on the Agenda

Ottawa ( Rajeev Sharma) : Fresh off his election victory, Prime Minister Mark Carney is expected to move swiftly on a series of economic and strategic priorities, with managing relations with U.S. President Donald Trump at the top of the list.

Carney and Trump held a phone call in late March, during which both leaders agreed to kick off negotiations for a revamped economic and security partnership immediately after the Canadian election. With concerns over U.S. tariffs and annexation rhetoric still resonating, Carney is expected to act quickly to shield Canada’s economy from external shocks.

Legislation aimed at economic stability could be among the first introduced when Parliament resumes. This may include a middle-class tax cut and a streamlined “one project, one review” process to accelerate approvals for major energy and mining projects.

The Liberals have also pledged to position Canada as a “clean and conventional energy superpower,” promising a balanced approach that supports both green transition efforts and traditional energy sectors. A C$5 billion trade diversification fund is also on the table to reduce Canada’s reliance on U.S. markets and expand global trade ties.

With a minority mandate, Carney will need to negotiate support from other parties to pass key bills. But given the urgency of economic pressures and cross-border dynamics, early bipartisan cooperation is expected on core national interests.