Mark Carney

Mark Carney will return to the Canadian parliament with a strengthened mandate, after his Liberal Party triumphed in a snap election that he called soon after becoming prime minister. …In his victory speech in the early hours of Tuesday, Carney pledged to “build, baby, build” – an apparent nod to Trump’s pledges on oil drilling. “It’s time to build twice as many homes every year with an entirely new housing industry using Canadian technology, Canadian skilled workers, Canadian lumber,” Carney told supporters. Housing prices have skyrocketed across the country in the last decade. By doubling the rate of building, Carney hopes to have a supply of 500,000 new homes a year. The Liberals want to create a standalone federal entity that would act as a developer for affordable housing. They plan to use this body to supply tens of billions of Canadian dollars in debt-financing for prefabricated home builders.