Donald Trump's efforts in Canada will be appreciated within the next two decades, according to Jean Charest's prediction

In a significant shift for Canada's economic strategy, former Quebec premier Jean Charest has suggested that the country needs to increase its pace to remain competitive on the global stage. Charest, now a member of Justin Trudeau's council on Canada-U.S. relations, is crediting former U.S. president Donald Trump for pulling Canada out of its rut in the future.

Charest's recommendations come as the U.S. Supreme Court is expected to invalidate Trump's right to trigger a trade war within the next six months. This development, Charest believes, presents an opportunity for Canada to reconsider its economic approach.

One of Charest's key proposals is for Canada to pursue other international markets, including the United Arab Emirates and Africa. He also emphasizes the importance of maintaining the free trade agreement between Mexico, Canada, and the United States, a goal he shares with the current government.

Another area of focus for Charest is the Canadian economy itself. He has criticized pension funds for not investing enough domestically and has suggested the use of new financing formulas to advance big projects. Charest also believes that the federal government should provide funds but not be the main investor in these projects, aiming to "catalyze" new economic sparks without necessarily leading to debt or reduced services.

The injection of funds is not without controversy, however. The Canadian Centre for Policy Alternatives estimates that the benefits of removing internal barriers will only contribute modestly to stimulating the economy. The benefits of such changes, according to a report, are overestimated.

Meanwhile, the Canadian government is taking steps to accelerate the realization of major national projects. Bill C-5, adopted this summer, is designed to do just that.

In the realm of geopolitics, Canada is experiencing a fundamental realignment. Mark Carney, the former governor of the Bank of England, has promised a budget of $150 billion per year for defense by 2035. This significant increase in military spending reflects Canada's commitment to a stronger global presence.

However, Canada's economic strategy is not without challenges. The tax burden in Canada could deter businesses, according to the former candidate for the leadership of the Conservative Party of Canada. Certain retaliatory tariffs imposed by Ottawa are no longer being collected, but the intergovernmental report confirms the effects of Trump's immigration crackdown.

Despite these challenges, Charest remains optimistic. He believes that changes should have been made a long time ago in Canada's economy and is hopeful that his recommendations will lead to a more competitive and prosperous Canada in the future.