Mark Carney’s Quiet Coup: Canada’s Economy and Property at Risk

The urgent themes discussed in this article are expanded on in our number one international best-selling book, It Starts With Gold™, co-authored by Peter J. Merrick and Adrian C. Spitters. In the book, we reveal how financial systems are collapsing and how individuals can prepare before it is too late. Visit www.ItStartsWithGold.com.

Canada has moved from being a land of builders to a market for foreign asset scavengers. Under Prime Minister Mark Carney, Canadians are witnessing the deliberate devaluation of national industries and wealth disguised as environmental virtue. A more ominous development now threatens to accelerate this trend. The erosion of private property rights is advancing under the radar.

At the forefront of resistance is Laurent Ferreira, CEO of National Bank of Canada. Ferreira has warned that regulatory paralysis under Carney’s policies has made Canada uninvestable. Ferreira believes this may be by design.

Ferreira has outlined the devastating impacts of Bill C-69 and the proposed federal emissions cap. These policies are gutting Canada’s productive economy. The Parliamentary Budget Officer reported that the emissions cap would eliminate $ 20.5 billion from GDP and over forty thousand jobs.

Bill C-69, misleadingly titled the Impact Assessment Act, has quietly become the ultimate federal land lock. It was designed to slow or block energy infrastructure, resource development and transportation corridors. Its real purpose, as we explain in It Starts With Gold, is to engineer devaluation. By stalling projects indefinitely through environmental red tape, it prevents resource-rich provinces like Alberta and British Columbia from developing and monetizing their assets. What is left is then acquired by global institutional investors at deeply discounted prices.

Ferreira also revealed that ninety percent of National Bank’s ten billion dollars in renewable energy infrastructure investment has been redirected to the United States because Canada is too restrictive for domestic growth.

Under Carney, ESG mandates and Net Zero policies have become powerful instruments of economic control. Canadian industries have been forced into compliance with global standards that serve international interests rather than Canadian sovereignty. Carney’s Net Zero goal to decarbonize provincial power grids by 2035 is structured to bankrupt local energy producers and make provincial infrastructure vulnerable to foreign acquisition.

This is not environmental protection. It is strategic asset transfer. As detailed in It Starts With Gold and As Alberta Burns, Global Asset Managers Prepare to Buy It All, this has followed a predictable playbook. Brookfield Asset Management, where Carney previously served as Vice Chair, has used regulatory pressure to devalue infrastructure and utilities before acquiring them at distressed prices.

The model has also been executed by BlackRock, Macquarie Group, IFM Investors and KKR. What has occurred in Alberta is now expanding into British Columbia, Ontario’s Ring of Fire, Newfoundland and Nova Scotia. Each stalled project becomes a target for foreign acquisition once devalued.

Carney’s global strategy is well known. His work with the World Economic Forum, United Nations and the Bank of England has followed a consistent pathway. As we reveal in It Starts With Gold, national ownership is collapsed under regulatory control and distressed assets are then handed to multinational investors.

British Columbia has now become the first Canadian province to implement the next phase of this strategy. It is using emergency legislation as a pretext to override private property rights.

On November 8, 2023, British Columbia passed the Emergency and Disaster Management Act (Bill 7). Publicly promoted as a wildfire response, it gives the provincial government sweeping powers to seize private homes, land, food, fuel and water based on predicted emergencies. No actual emergency needs to occur. If artificial intelligence models forecast risk, assets can be confiscated without a court order, public consultation or consent.

Bill 7 removes meaningful limits on government control. Ownership of property remains on paper but actual control is transferred to the government. Owners remain responsible for taxes and liabilities but lose decision-making rights.

The legislation authorizes the government to:

• • • Occupy or demolish homes without consent
    • Repurpose farms and businesses for other uses
    • Impose heavy penalties on owners who resist or delay compliance

Part 4 of Bill 7, which was delayed due to public backlash, is expected to return by Fall 2025. It would give Cabinet the power to permanently regulate private land without legislative approval or judicial review.

A full breakdown of how British Columbia is being used as the international test case for land seizure under this legal framework can be found in our feature article British Columbia: Is the Global Test Case for Land Seizure.

Bill 7 aligns with a long-standing vision promoted by the United Nations. The 1976 UN Habitat Conference stated openly that private land ownership contributes to social injustice and should be subordinated to public control. That philosophy has been reinforced through Agenda 21, the UN 2030 Agenda and the Sendai Framework for Disaster Risk Reduction.

British Columbia has also enacted the Declaration on the Rights of Indigenous Peoples Act (DRIPA), which aligns provincial law with UNDRIP. Critics argue DRIPA has created a legal grey zone. Private title can now be overridden without compensation when claims of Indigenous rights are applied. DRIPA freezes land for reconciliation purposes while Bill 7 allows land to be seized under emergency law. Together, they form a dangerous combination.

The Sendai Framework encourages predictive modelling as a basis for pre-emptive action. Governments are empowered to seize assets and restructure land use based on forecasted threats rather than real events. Disaster response has become a mechanism for permanent social and economic restructuring.

Fall 2025 marks a critical turning point. If Part 4 of Bill 7 is enacted, British Columbia will establish a legal precedent for the rest of Canada. Alberta, Ontario, Quebec and other provinces may soon adopt similar laws. Ownership would shift from an individual right to a government-issued licence subject to revocation at any time.

Ferreira and Alberta Premier Danielle Smith have been among the few voices willing to speak publicly about this risk. Their message remains urgent. This is not a debate about environmental policy. This is an ownership emergency.

If Canadians do not act decisively, land, infrastructure and wealth will not be sold at market value. They will be transferred quietly to the best-connected global interests under a legal framework designed to eliminate property rights.

The warnings from Ferreira and Smith stand as a final call to action. Canadians must insist on protecting private ownership and national sovereignty. Without intervention, Canada risks becoming a managed colony where private citizens simply administer property on behalf of the government.

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1. National Bank’s CEO Rails Against Red Tape for Energy Projects
2. National Bank Completes Acquisition of Canadian Western Bank
3. Complacency, Not Tariffs, Is Canada’s Biggest Threat: National Bank CEO
4. Bill C-69 Key Amendments – Canada.ca
5. It Starts With Gold: As Alberta Burns, Global Asset Managers Prepare to Buy It All
6. British Columbia Is the Global Test Case for Land Seizure
7. Bill 54 Alberta Referendum Legislation – Government of Alberta