Carney Plans First Wave Nation-Building Projects Canada

Prime Minister Mark Carney is set to announce the first tranche of major nation-building projects on Thursday, leveraging sweeping new federal powers granted by the Building Canada Act passed in June. These projects aim to boost Canada's economic independence, connect regions, diversify products and markets, create high-paying jobs, align with Indigenous interests, and advance climate goals. Proposals include upgrades to port infrastructure in New Brunswick, such as Port Saint John and Port of Belledune, as well as plans to make New Brunswick a leader in prefabricated homebuilding to address the housing shortage. The government also plans to release a new trade diversification strategy this fall to strengthen relations with non-U.S. markets, alongside a climate competitiveness strategy focusing on results and investments. Carney emphasized that these initiatives require national unity and determination, comparing their significance to the post-World War II era, and intends to launch the Build Canada Homes program next week in support of housing efforts. These announcements come as Carney prepares to present his first federal budget, balancing spending initiatives with austerity measures.