Fact-Check: Mark Carney's Promise to Increase Support for the Women’s Economic and Leadership Opportunities Fund
Overview of the Promise
During his 2025 election campaign, Mark Carney, as the Liberal Party leader, promised to unlock new economic opportunities for women by increasing support for the Women’s Economic and Leadership Opportunities Fund. This fund is intended to invest in projects that promote women’s economic security and prosperity, ensuring access to high-paying jobs, equal pay for equal work, and the removal of systemic barriers to success.
Actions Taken by the Carney Government
Since taking office in late April 2025 following the federal election, Prime Minister Mark Carney's government has focused on broader economic priorities, such as trade diversification, infrastructure investments, and responses to international trade tensions. However, there has been no specific announcement or action directly increasing support for the Women’s Economic and Leadership Opportunities Fund as of August 29, 2025. Pre-election funding announcements under the previous administration, such as those in March 2025 for women's business initiatives, have not been explicitly expanded or referenced by the new government.
Legislation Proposed or Passed
No legislation has been proposed or passed specifically related to increasing support for the Women’s Economic and Leadership Opportunities Fund under the Carney administration. Broader economic policies, including deficit spending for growth investments announced during the campaign, have been discussed, but none tie directly to this promise. There are no bills or amendments in Parliament addressing the fund's expansion or related women's economic opportunities.
Progress on Key Promise Elements
The promise emphasizes promoting women’s economic security through fund investments, access to high-paying jobs, equal pay, and eliminating systemic barriers. To date, no new funding allocations, programs, or initiatives have been launched to address these elements under Carney's leadership. Recent reports indicate potential budget constraints or cuts to related departments like Women and Gender Equality Canada, which could impact such funds, but no confirmatory actions have occurred.
Current Status and Potential Outcomes
As of late August 2025, approximately four months into the term, the promise remains unaddressed amid other pressing economic challenges. For it to be considered in progress, the government would need to announce specific funding increases or new projects tied to the fund. If potential cuts to related gender equality programs materialize without compensatory increases, the promise would be at risk of being broken.
Overall Status
This promise is not started.
Sources
- Outlet: Canada.ca, Article: Federal funding to help increase opportunities for women in business and build a more resilient economy for everyone in Canada, URL: https://www.canada.ca/en/women-gender-equality/news/2025/03/federal-funding-to-help-increase-opportunities-for-women-in-business-and-build-a-more-resilient-economy-for-everyone-in-canada.html
- Outlet: Canada.ca, Article: Supporting economic opportunities for women and building a sustainable future for everyone in Canada, URL: https://www.canada.ca/en/women-gender-equality/news/2025/03/supporting-economic-opportunities-for-women-and-building-a-sustainable-future-for-everyone-in-canada.html
- Outlet: CCPA, Article: Potential cuts to Women and Gender Equality Canada could take us back to the Harper days, URL: https://www.policyalternatives.ca/news-research/cuts-to-women-and-gender-equality-canada-will-take-us-back-to-the-harper-days/
- Outlet: Liberal Party of Canada, Article: A Mark Carney government will build Canada Strong, URL: https://liberal.ca/a-mark-carney-government-will-build-canada-strong/
- Outlet: Prime Minister of Canada, Article: Prime Minister Carney announces new Ministry, URL: https://www.pm.gc.ca/en/news/news-releases/2025/05/13/prime-minister-carney-announces-new-ministry
- Outlet: CBC News, Article: Liberal leadership hopeful Mark Carney says he'd run a deficit to 'invest and grow' Canada's economy, URL: https://www.cbc.ca/news/politics/liberal-leadership-hopeful-mark-carney-says-he-d-run-a-deficit-to-invest-and-grow-canada-s-economy-1.7460774
- Outlet: G7 Canada, Article: Backgrounder: Prime Minister Carney concludes 2025 G7 Leaders’ Summit, URL: https://g7.canada.ca/en/news-and-media/news/backgrounder-prime-minister-carney-concludes-2025-g7-leaders-summit/
- Outlet: The Hub, Article: Canada’s New Era: What business leaders and economists are saying about Mark Carney’s minority mandate, URL: https://thehub.ca/2025/04/30/canadas-new-era-what-business-leaders-and-economists-are-saying-about-mark-carneys-minority-mandate
