Mark Carney’s overall economic approach has been backward-looking: an emphasis on natural resource extraction and reliance on low-tax, market-led, small-government economic ideology that was stale in 2008, and is definitely not suited to a world of geostrategic competition.

It’s starting to become clear to more people that Carney’s Plan A amounts to an attempt to implement traditional Conservative policies when what’s called for is radically different policies. It’s currently unclear whether Carney can switch gears. The tell will be whether he abandons austerity.

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