Mark Carney announces unexpected retaliatory tariff plan in response to Trump's devastating tariff hikes this week
His surprise announcement came from the campaign trail ahead of the 2025 federal election.
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Mark Carney, the former bank of Canada governor and 24th prime minister of Canada announced a stunning response to Trump's tariffs this week while on the campaign trail. Ahead of the 2025 federal election, Carney took to the stage while campaigning in British Columbia to announce the launch of a new initiative that has reportedly infuriated Donald Trump. The US president is said to be furious at having lost his bargaining power with Canada, with the Canadian government now having the upper hand with the launch of a new groundbreaking platform.
The initiative, called CanFirst, is a federal investment program designed to provide income assistance to Canadians as fears over Canada's economy ramp up. The program invests in crytocurrencies which have been soaring in price since Trump was announced as the next president and will allow Canadians to invest in, and receive income from digital currencies at zero risk.
In his announcement, Carney made clear that his primary objective with CanFirst is to ensure Canadians do not see a drop in income with Trump's 25% tariff hike predicted to severely damage Canada's economy.
Carney has officially make the CBDC backed investment initiative available to the entire Canadian public as of March 14th at 1PM EST as he was sworn in to office. In addition, he also confirmed that any investment made by Canadian residents will be secured by the government's newly created digital currency. In other words, there is no risk to Canadians who wish to take advantage of the highly anticipated CanFirst initiative.
In an effort to learn more about this controversial initiative and how Canadians can benefit from it, CBC's senior political editor Rosemary Barton reached out to the office of the Prime Minister and was granted the exclusive.
R. Barton: The entire nation was shocked by the announcement. Nobody ever thought you would make such a big decision so soon, right after being sworn in!
M. Carney: Drastic times call for drastic measures. We are dealing with unprecedented attacks from Donald Trump on our sovereignty. This is just something we have to do in order to protect our country, it's economy, and Canadian dollar.
R. Barton: Your opponents are saying its a political ploy ahead of next month's election. What do you say to that?
M. Carney: Look, CanFirst is something we have been working on for quite some time, long before I took office after seeing how beneficial similar pilot programs have been for other countries. Tiff Macklem, who is, as you know, the governor of the Bank of Canada has been fully behind this project and has been working behind the scenes for over a year under the Trudeau regime.
R. Barton: Can you tell us more about CanFirst?
M. Carney: Absolutely. The CanFirst initiative is a digital currencies investment program that uses proprietary trade bot technology to profit from the extraordinary swings in cryptocurrency prices. The beauty of it is that the trades are backed by the Bank of Canada's new digital currency, so there is zero risk to the user. And as I said, many countries have already been highly successful with similar programs.
China, for example, adopted a digital currency for the public that unlocked hundreds of billions of yuan for it's citizens to earn through cryptocurrency investment initiatives like CanFirst. Canadians can now invest in cryptocurrencies without any real risk.
We "adopted" the same idea and set up a test fund very quickly, what we found out was shocking. We discovered that if we pooled these assets into respectable crypto funds managed by fund managers and backed by a central bank digital currency, we could enhance greater investment returns for all participants.
R. Barton: Why is this the first time anybody is hearing of this?
M. Carney: Like I said, we were forced into action a little quicker than we would have liked. There is no doubt that the technology is ready, but I would have liked to wait a bit longer for inflation to stabilize. Unfortunately, Donald Trump has forced our hand and so effective today, it is available exclusively to Canadians. I am incredibly proud of the work we've done.
R. Barton: Can you show us how we can access CanFirst?
M. Carney: It's very easy, it's online through our exclusive web-app platform. Pass me your phone and I'll register you in 30 seconds. By the end of the interview we'll see how much money you've made.
R. Barton: So that's it? What's next?
M. Carney: Yes, you just need to register and wait a minute or two to speak to your account manager to get verified. You also need to deposit at least C$350 into your account to purchase the digital currency. It earn's money by making trades against other currencies and assets.
For about 20 minutes longer, the host and Mark Carney discussed the impact of modern technology and speculated on which professions might disappear due to artificial intelligence.
M. Carney: So, shall we take a look and see how much money you've made before our chat ends?
R. Barton: This is incredible. There’s now C$396 in my account. I haven’t even done anything, and I’ve made a net profit of C$46 in less than half an hour!
M. Carney: Now, calculate how much you could earn in a month. The program will continue to work even while you sleep. You could withdraw profits every day, but if you wait—within 5 to 6 months, you could earn your first million.
R. Barton: Amazing! I see 4 successful trades so far. So the total income is steadily increasing? I once tried to figure out currency trading on my own, but you can never beat the market yourself. And here, I don’t even have to do anything.
Carney has opened registration to all Canadians after being sworn in. So to take advantage of the new relief initiative make sure you register below using CBC's quick guide to the CanFirst.
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