Deandrea Hamilton Editor
Ottawa, May 22, 2025 – In a landmark address following the historic opening of Canada’s 45th Parliament by King Charles III, newly
elected Prime Minister Mark Carney has laid out an ambitious vision for the country, framing his government’s agenda as a “covenant with Canadians.”
The speech, delivered from Centre Block on Parliament Hill, follows a stirring throne speech by King Charles—his first as Sovereign in Canada—marking his 20th official visit to the country and the first accompanied by Queen Camilla. The King praised Canada’s diversity, resilience, and role on the global stage, calling for unity and bold leadership in an increasingly volatile world.
Prime Minister Carney’s message responded directly to that call, setting forth a four-pillar agenda focused on unity, security, opportunity, and national renewal.
“This is more than a mandate. It is a covenant,” said Carney. “A promise to serve all Canadians, to lead with integrity, and to deliver results that reach into every home and every community.”
National Unity and Reconciliation
At the heart of the covenant is a renewed commitment to Indigenous Peoples. The government pledged to double the Indigenous Loan Guarantee Program to $10 billion and to accelerate wealth-building partnerships in housing, clean energy, and infrastructure. Carney also vowed to uphold the principle of free, prior, and informed consent on major national projects.
The Liberal leader emphasized Canada’s bilingual and multicultural identity, with assurances that both French and Indigenous languages and cultures would be protected and promoted.
Economic Transformation and Affordability
Carney’s government aims to “build the strongest economy in the G7,” beginning with legislation to eliminate internal trade barriers and
create a single national labour and business environment. The Prime Minister announced the creation of Build Canada Homes, a new agency tasked with doubling home construction and leading a transformation of Canada’s housing sector through modular, affordable development.
In line with the throne speech, Carney reaffirmed commitments to child care, pharmacare, and dental care, while introducing new tax cuts and housing incentives to ease pressures on middle-class families.
A More Secure Canada
Addressing rising public concerns over safety and sovereignty, the government announced investments in border security, cyber protection, and military readiness, particularly in Canada’s North. The Carney administration will introduce new legislation to toughen penalties for organized crime, drug trafficking, and repeat violent offenders.
Fiscal Responsibility and Global Engagement
Striking a balance between ambition and discipline, the Prime Minister pledged to bring government operating growth under two percent, while capping public sector expansion and cutting duplication. Internationally, Carney signaled a new phase of global leadership, particularly ahead of Canada’s hosting of the G7 Summit in June. “This is a critical moment—not just for our government, but for our nation,” said Carney. “We are ready to lead, to act boldly, and to serve Canadians with humility and courage.” The covenant sets the tone for what is expected to be one of the most transformative Liberal mandates in decades, with implementation details expected in the first budget next month.
PHOTO CAPTIONS:
Header: King Charles III and Queen Camilla meets with Canadian Prime Minister Mark Carney and Diana Fox Carney as they arrive at Ottawa Airport for their two-day visit to Canada. Picture date: Monday May 26, 2025.
1st insert: Throne speech by King Charles—his first as Sovereign in Canada
2nd insert: King Charles III and Queen Camilla meeting with an elder as they arrive at Ottawa Airport for their two-day visit to Canada. Picture date: Monday May 26, 2025.
3rd insert: King Charles III meeting with school children as he arrives at Ottawa Airport for his two-day visit to Canada. Picture date: Monday May 26, 2025.
4th insert: King Charles III and Queen Camilla as they arrive at Ottawa Airport for their two-day visit to Canada. Picture date: Monday May 26, 2025.