Sure.
Carney has a trade deal with Indonesia, working on another trade deal with the Philippines, got Canada into the European defense procurement program, while Canada has seen its exports to countries like the UK surge.
All while avoiding a recession.
Also isn't signing some assine deal like Japan, the UK or EU, all of which have record high tariffs and 2 of them having collapsed already.
All in all, pretty damn good.
1. Trade deals don't equal guaranteed economic benefit.
Signing agreements with Indonesia or pursuing one with the Philippines is just the first step. Implementation is slow, and many of the promised tariff reductions or investment flows won’t materialize immediately. Simply having a deal on paper doesn’t automatically boost jobs or GDP.
With Indonesia, Canada’s exports are still relatively small, and non tariff barriers remain significant. So the “deal” may create symbolic value more than real economic impact in the short term.
2. European defense procurement program participation.
Being part of a program doesn’t necessarily mean Canada’s defense industry will win major contracts. Often, smaller participants gain minimal access compared to larger players. Participation is a starting point, not an economic windfall. It's a nothing burger with no name ketchup.
3. UK exports surge.
Yes, Canadian exports to the UK have grown, but the UK still runs a trade surplus with Canada. Tariff reductions under agreements like the UK TCA help, but they don’t automatically translate into a balanced or hugely positive trade outcome. Market competition and regulatory hurdles still limit gains.
Nothing burger with mayonnaise.
4. Avoiding a recession doesn't mean economic management.
Canada has dodged a recession largely because of global commodity demand and interest rate cycles, not solely because of trade deals or policy brilliance. External factors often have a bigger impact than government interventions.
BLAB.
Carney’s trade diplomacy is notable on paper, but the real economic payoff is uncertain, slow to materialize, and highly dependent on Canadian companies ability to capitalize on opportunities. It’s not as clear cut “all good”.
Edit:spelling