The Globe and Mail reports in its Saturday edition that Mark Carney's wave of summer spending Thursday included numerous billion-dollar references to new projects in British Columbia and Alberta, but economists are questioning the lack of detail as to where the money will come from. The Globe's Bill Curry writes that in his typical rhetorical style, the Prime Minister made several references to "catalytic" investments that will attract more than $200-billion in private capital. He made a number of federal financing announcements earlier in the day in Vancouver alongside B.C. Premier David Eby and then flew to Calgary, where he and Alberta Premier Danielle Smith announced plans for a proposed southern route for a new oil pipeline to the coast. However, no information was released that explains how much Ottawa plans to spend each year on the various projects. Nor was an update provided as to what the flurry of announcements would mean for the size of Ottawa's deficit and debt. Those details will presumably have to wait until the release of the government's fall budget. Mr. Eby said the announcements add up to about $20-billion in federal funding for his province, including $500-million to expand the Red Chris mine.
© 2026 Canjex Publishing Ltd. All rights reserved.