Carney pledges $5-billion in trade infrastructure to diversify economy
Steven ChaseSenior parliamentary reporter
Montreal
Published March 28, 2025
Updated March 29, 2025
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Liberal Leader Mark Carney pledged to create a new $5-billion Trade Diversification Corridor Fund to invest in infrastructure that helps raw or finished goods get to market.
Adrian Wyld/The Canadian Press
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Liberal Leader Mark Carney promised $5-billion for new infrastructure to help Canada to shift trade away from the United States.
A bitter and damaging trade war with the United States is unfolding during the first week of Canada’s federal election campaign, in which Mr. Carney and his main rival, Conservative Leader Pierre Poilievre, are each positioning themselves as the best person to push back against U.S President Donald Trump.
In a Friday announcement at Montreal’s port, the Liberal Leader pledged to create a new $5-billion Trade Diversification Corridor Fund to invest in infrastructure that helps raw or finished goods get to market. These investments will help strengthen the Canadian economy and expand trade with other countries.
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“The President of the United States is trying to fundamentally restructure his economy by imposing harmful and unjust tariffs. Canada’s response is to fight, protect, and build,” Mr. Carney said.
He said Ottawa under a Liberal government would encourage Canadian ports to co-operate with one another. “Until now, our ports have been competing with one another. In the new global economy, they should work together.”
Mr. Carney also pledged to strengthen the security at ports, “with more boots on the ground and new technologies, to stop the traffic of drugs such as fentanyl, as well as illegal guns, and stolen cars.”
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