AI Summary

Mark Carney’s industrial‑policy agenda has reignited a debate Canada has long avoided about when the government should build, finance or shape productive capacity versus letting markets decide. The proposal centers on a C$25 billion Canada Strong Fund that would see Ottawa borrow to capitalize an investment vehicle. The fund’s structure would allow the government to direct capital toward sectors deemed strategically important while still relying on market mechanisms for allocation. The debate hinges on whether such state‑backed financing will spur innovation or crowd out private investment.

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