{"id":28602,"date":"2026-05-02T01:12:08","date_gmt":"2026-05-02T01:12:08","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/28602\/"},"modified":"2026-05-02T01:12:08","modified_gmt":"2026-05-02T01:12:08","slug":"mark-carneys-honeymoon-is-ending-just-not-in-the-way-most-people-expected","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/28602\/","title":{"rendered":"Mark Carney\u2019s honeymoon is ending \u2013 just not in the way most people expected"},"content":{"rendered":"<p><a style=\"display:block\" href=\"https:\/\/www.theglobeandmail.com\/resizer\/v2\/PGAP2UJDS5BQFOWX2RCY7GRSFI.jpg?auth=44e3c2c5cf86e8fa08975d9a111f9beab256d9aa05abe8fde444043bf7f0d082&amp;width=600&amp;height=400&amp;quality=80&amp;smart=true\" aria-haspopup=\"true\" data-photo-viewer-index=\"0\" rel=\"nofollow noopener\" target=\"_blank\">Open this photo in gallery:<\/a><\/p>\n<p class=\"figcap-text\">Prime Minister Mark Carney in his office in Ottawa on Friday.Spencer Colby\/The Canadian Press<\/p>\n<p class=\"c-article-body__text text-pr-5\">There were several rounds of chatter over the summer and into the fall about whether the honeymoon was over for Prime Minister <a href=\"https:\/\/www.theglobeandmail.com\/topics\/mark-carney\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/topics\/mark-carney\/\">Mark Carney<\/a> \u2013 and if not yet, when that moment would come. <\/p>\n<p class=\"c-article-body__text text-pr-5\">Elbows sagged; President Donald Trump went on blowing up like a puffer fish; tariffs were carving up certain sectors of the economy and regions of the country; CUSMA hadn\u2019t been rescued; the only shovels in the ground on major projects would have been digging anyway; groceries, gas and mortgage payments were still gouging.<\/p>\n<p class=\"c-article-body__text text-pr-5\">And when would we get to those sweet nothings about how we could give ourselves more than any foreign country could take away? <\/p>\n<p class=\"c-article-body__text text-pr-5\">Surely at some point, the honeymoon-is-over argument went, voters would look across the breakfast table in the bright morning light and realize they weren\u2019t so besotted with what they\u2019d brought home. Even now, one year in, the polls make it clear that Canadians are still googly-eyed for Finance Daddy \u2013 more than they were on election day, in fact. <\/p>\n<p class=\"c-article-body__text mv-16 l-inset text-pb-8\" data-sophi-feature=\"interstitial\"><a href=\"https:\/\/www.theglobeandmail.com\/business\/commentary\/article-carneys-grand-vision-is-matched-only-by-the-small-mindedness-of\/\" rel=\"nofollow noopener\" target=\"_blank\">Opinion: Carney\u2019s grand vision is matched only by the small-mindedness of Ottawa\u2019s bureaucracy<\/a><\/p>\n<p class=\"c-article-body__text text-pr-5\">But most honeymoons don\u2019t end with acrimony or disillusionment, or anything that dramatic. They end when you go home and figure out who stacks the dishwasher badly, how to get groceries on a Wednesday when you\u2019re both exhausted and which stupid TV show you enjoy watching together in your pyjamas.<\/p>\n<p class=\"c-article-body__text text-pr-5\">The honeymoon is over when you figure out how to be real people together, in other words, because you can\u2019t keep being your date-night selves for eternity.<\/p>\n<p class=\"c-article-body__text text-pr-5\">And that is where things are right now for Mr. Carney, his government and Canadians. Not turning on each other \u2013 though political divorce statistics being what they are, that will probably come, one day \u2013 but getting to the unglamorous, real-life hard work of fixing up this house we share.<\/p>\n<p class=\"c-article-body__text text-pr-5\">He has his majority in the House of Commons now, which means more legislative muscle and more time in which to get things done. This week, he sent his second fiscal manifesto out into the world with the spring economic update. And his government just passed its one-year election anniversary with all the new agencies designed to tackle its priorities up and running. <\/p>\n<p class=\"c-article-body__text text-pr-5\">Now, everything shifts from the future tense, written in hope and promise, to the present, where results live.<\/p>\n<p class=\"c-article-body__text text-pr-5\">In the parade of announcements over the past year, Canadians were introduced to Build Canada Homes, the Defence Investment Agency and the Major Projects Office. There are the trade and security agreements that Mr. Carney rhymes off like an infomercial telling you how many bonus attachments you get with that food processor. <\/p>\n<p class=\"c-article-body__text mv-16 l-inset text-pb-8\" data-sophi-feature=\"interstitial\"><a href=\"https:\/\/www.theglobeandmail.com\/business\/commentary\/article-on-the-economy-carney-remains-committed-to-the-trudeau-playbook\/\" rel=\"nofollow noopener\" target=\"_blank\">Opinion: On the economy, Carney remains committed to the Trudeau playbook<\/a><\/p>\n<p class=\"c-article-body__text text-pr-5\">The <a href=\"https:\/\/www.theglobeandmail.com\/politics\/article-carney-to-announce-sovereign-wealth-fund-monday\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/politics\/article-carney-to-announce-sovereign-wealth-fund-monday\/\">sovereign wealth fund<\/a> unveiled this week sounds like an odd chimera combining the Canada Infrastructure Bank and war bonds, but you\u2019d better believe the word \u201ccatalyze\u201d was used. <\/p>\n<p class=\"c-article-body__text text-pr-5\">But even if it all works exactly as intended, the challenge \u2013 politically, for the Prime Minister, and practically, for anxious Canadians \u2013 is that these are massive economic currents he\u2019s trying to redirect to make a palpable difference. <\/p>\n<p class=\"c-article-body__text text-pr-5\">It reminds Peter Donolo, former director of communications to prime minister Jean Chr\u00e9tien, of the moment when his crew took office in the 1990s. <\/p>\n<p class=\"c-article-body__text text-pr-5\">The International Monetary Fund was \u201cknocking at the door\u201d over Canada\u2019s grisly debt, and the country had nearly splintered over the failed Meech Lake Accord. All of that created urgent consensus among Canadians that amounted to a permission slip for the government.<\/p>\n<p class=\"c-article-body__text text-pr-5\">\u201cIt was a burning platform, and people were ready for decisive action,\u201d Mr. Donolo said. To him, that parallels the present reckoning about the perils of such close ties to the U.S. and the need to fix the chronic weaknesses in the Canadian economy. <\/p>\n<p class=\"c-article-body__text mv-16 l-inset text-pb-8\" data-sophi-feature=\"interstitial\"><a href=\"https:\/\/www.theglobeandmail.com\/business\/article-mark-carney-major-projects-challenge-courts\/\" rel=\"nofollow noopener\" target=\"_blank\">Analysis: Mark Carney\u2019s major projects have yet to face their ultimate challenge: the courts<\/a><\/p>\n<p class=\"c-article-body__text text-pr-5\">In the 1990s, as with the economic renovations Mr. Carney is now attempting, fixing Canada\u2019s debt and employment numbers were long, uphill climbs, and the Chr\u00e9tien government benefited from public goodwill toward the prime minister as they worked through it, Mr. Donolo said. Then, trust came from familiarity with Mr. Chr\u00e9tien, rather than the technocratic halo that currently hovers above Mr. Carney\u2019s banker haircut, but both buy you the same benefit of the doubt.<\/p>\n<p class=\"c-article-body__text text-pr-5\">\u201cEvery month, we lived or died by what the unemployment numbers were, by what the interest-rate numbers were,\u201d Mr. Donolo said. \u201cPeople weren\u2019t expecting overnight results, but they were expecting a sense of progress.\u201d<\/p>\n<p class=\"c-article-body__text text-pr-5\">The current Prime Minister needs to keep asking for patience from the public, Mr. Donolo said, because that underlines the sense that everyone is in this together. To that end, he really liked the <a href=\"https:\/\/www.youtube.com\/watch?v=uk2TZwkhi4E&amp;vl=en-CA\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.youtube.com\/watch?v=uk2TZwkhi4E&amp;vl=en-CA\">10-minute video statement<\/a> Mr. Carney issued a couple of weeks ago, though he\u2019s surprised it took him so long to do it. <\/p>\n<p class=\"c-article-body__text text-pr-5\">\u201cI promise you I will never sugarcoat our challenges,\u201d the Prime Minister said, in the fireside-chat-without-an-actual-fire. \u201cInstead, I will talk with you directly and regularly about our plan, why we\u2019re doing what we\u2019re doing, what\u2019s working, what isn\u2019t, and what we\u2019re going to do next.\u201d<\/p>\n<p class=\"c-article-body__text text-pr-5\">The video was titled \u201cForward Guidance,\u201d and Mr. Carney likened it to the public reports he made as Bank of Canada governor during the financial crisis. He pledged to continue offering regular updates.<\/p>\n<p class=\"c-article-body__text text-pr-5\">This week, someone else had something interesting and important to say in Ottawa, too. On Wednesday, Maggie Helwig, an Anglican priest, <a href=\"https:\/\/www.theglobeandmail.com\/culture\/article-maggie-helwigs-encampment-wins-2026-shaughnessy-cohen-prize-for\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/culture\/article-maggie-helwigs-encampment-wins-2026-shaughnessy-cohen-prize-for\/\">won the Shaughnessy Cohen Prize for Political Writing<\/a> for her book Encampment: Resistance, Grace, and an Unhoused Community.<\/p>\n<p class=\"c-article-body__text mv-16 l-inset text-pb-8\" data-sophi-feature=\"interstitial\"><a href=\"https:\/\/www.theglobeandmail.com\/business\/commentary\/article-mark-carney-banker-all-seasons-pm\/\" rel=\"nofollow noopener\" target=\"_blank\">Opinion: Mark Carney, the banker for all seasons<\/a><\/p>\n<p class=\"c-article-body__text text-pr-5\">Her award was announced at the annual Politics and the Pen gala, which was stuffed with powerbrokers in evening clothes, including the Prime Minister. Ms. Helwig did not waste the opportunity to say her piece.<\/p>\n<p class=\"c-article-body__text text-pr-5\">\u201cThere is a tendency among politicians these days to speak as if you were helpless, as if you had no real volition or power, but are only slaves of the god of the economy,\u201d she told the ballroom at the Fairmont Ch\u00e2teau Laurier. \u201cBut the god of the economy is a human creation, and you do have power, and you do have choices about how you use it.\u201d<\/p>\n<p class=\"c-article-body__text text-pr-5\">The Prime Minister had left the party by the time Ms. Helwig offered her own forward guidance.<\/p>\n<p class=\"c-article-body__text text-pr-5\">There\u2019s another way to know the honeymoon is over: the to-do lists get longer and the choices more difficult.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Prime Minister Mark Carney in his office in Ottawa on Friday.Spencer Colby\/The Canadian&hellip;\n","protected":false},"author":2,"featured_media":28603,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[135,111,361],"class_list":{"0":"post-28602","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mark-carney","8":"tag-dei","9":"tag-mark-carney","10":"tag-pleasemod"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/28602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=28602"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/28602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/28603"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=28602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=28602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=28602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}