I've noticed a lot of so-called leftists on social media calling Carney a Neoliberal. I'm not really sure they know what a neoliberal is and just use it as a pejorative for people they perceive as being right-wing or centrists.
The most Neoliberal thing in Canadian leadership politics since the early 1990s, as far as I can tell, is Stephen Harper's haircut.
But in seriousness:
As far as I can tell, Neoliberalism was a major political movement in Canada around the same time as the UK, in the late 1970s to the mid-1980s, but largely waned after that. It was all but dead by 1993, that election was a referendum against Neoliberalism. And while much of the framework remained, the era of Chrétien, Martin, and Harper were largely about the dismantling of that framework. By the time of Trudeau, it was already history.
* Neoliberalism advocates for "let the free market decide" and slashing of taxes and regulations. While this policy was on the agenda for Mulroney and (presumably) Kim Campbell, it doesn't seem Chretien, Trudeau, Martin, or even Harper favoured this. And Carney was instrumental in the Macroprudential regulation on the banks to mitigate the impacts of the financial crisis of 2008 - quite in the face of neoliberal policy.
* To tack onto this, Carney advocates in something closer to a Keynesian framework, in direct opposition to neoliberalism, in order to repair the construction industry in Canada, which is currently overpriced and underdeveloped, and the free market is not interested in investing in something that drives their asset prices down - Carney is.
* Another major tenet is the privatization of public industry and services - this is probably the best place to pin Carney down if you want to call him a neoliberal - but taking this one piece of the framework is weak at best, as while he was responsible in being part of overseeing the selling off Petro-Canada assets to public companies, his aforementioned establishment of public programs and increasing crown corporation funding indicates the opposite of this approach. It's a mixed bag. But Canada as a whole, this was the first major defeat of Neoliberalism back in the 1980s when they failed to dismantle medicare for all. There was a famous speech by NDP founder Tommy Douglas that lit the fire under the asses of Canadian politicians. If Carney was a Neoliberal, he'd be championing their major battles. Instead, I predict that he'll probably use de-privatization of certain sectors as bargaining chips for the NDP and Bloc Québécois for when he needs them for something - kind of like the Trudeau administration with the dental thing.
* Individualism, or rather de-emphasis on class consciousness and an emphasis on personal responsibility - from a rhetorical standpoint, back in the UK, Carney went so far as to quote Marx and Engels and explain why they're relevant. But, most recently, his government funded apprenticeship program flies in the face of this tenet.
* The other thing that can probably be pinned on him is that he did seem to favour globalization. One of the big movements of neoliberalism was the expansion of free trade and the deregulation of third world economies and agreements like NAFTA - however, this isn't exclusively beneficial to neoliberalism as all forms of liberalism (or libertarianism, as some call it these days) generally advocate for free trade - even communist theory advocates for globalized trade - although, it also advocates for the dismantling of all political boundaries and the withering of the state. But, on the other hand, one of the first things Carney did was give a eulogy for NAFTA and the old order. He's not crusading for NAFTA (what is it, 3.0?) like the neoliberals - and even if he did, it's like saying being against murder is advocacy for Christianity.
* One more element is that Carney favours longterm planning for issues impacting the economy in the longterm, including solutions to the climate crisis and its impact on the financial system, while neoliberalism prioritizes short term fiscal turnarounds.
So, overall. I think using the phrase "Neoliberalism" is a pointless pejorative as it's both ideologically and historically disconnected from the recent Neoliberal era and its chief proponents. Neoliberalism is so far in the past that it's not even worth worrying about anymore since modern corporatization or, as Veroufakis puts it, "technofeudalism" (the increasing dominance of cloud/platform ecosystems in our economy - Google, Apple, and Amazon are good examples) is the main thing leftists should be targeting - as it's clearly replaced neoliberalism in the US. These tech platforms have deep hooks in the rest of the Western economy - but this is all a different topic that is more relevant to American politics.
Last edited by Jumpin - on 30 April 2025