Why Carney's state-directed capitalism won't end Canada's technical recession

Rudyard Griffiths and Sean Speer discuss Statistics Canada's announcement that Canada is in a technical recession, examining the structural weaknesses behind two consecutive quarters of economic contraction. They critique the Carney government's approach of state-directed capitalism focused on energy and mining, arguing it neglects the broader tax and regulatory reform needed for economy-wide growth. In the second half, they dissect and fact-check Prime Minister Carney's speech at The Economic Club of New York. They also examine his use of the term "strategic autonomy," questioning whether this signals a radical shift toward economic isolationism that contradicts Canada's identity as a trading nation.If you are enjoying the free version of the Hub Roundtable, subscribe to become a Hub Hero or Fellow to access the full version every week: https://thehub.ca/join/The Hub is Canada’s fastest growing independent digital news outlet.Subscribe to The Hub's podcast feed to get our best content when you are on the go:https://tinyurl.com/3a7zpd7e (Apple)https://tinyurl.com/y8akmfn7 (Spotify)Follow The Hub on X: https://x.com/thehubcanada?lang=enCREDITS:Amal Attar-Guzman - Producer and EditorRudyard Griffiths and Sean Speer - Hosts Hosted on Acast. See acast.com/privacy for more information.