{"id":64896,"date":"2026-05-28T16:47:12","date_gmt":"2026-05-28T16:47:12","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/64896\/"},"modified":"2026-05-28T16:47:12","modified_gmt":"2026-05-28T16:47:12","slug":"mark-carney-says-canadas-distancing-from-the-u-s-is-good-for-both-nations","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/64896\/","title":{"rendered":"Mark Carney Says Canada\u2019s Distancing from the U.S. is Good for Both Nations"},"content":{"rendered":"

Prime Minister Mark Carney of Canada said on Thursday that his country\u2019s attempt to reduce its diplomatic and economic dependency on the United States because of President Trump will also benefit Americans.<\/p>\n

\u201cThis is good for all Canadians, but it is also good for the United States, because a stronger Canada is a better ally,\u201d Mr. Carney said in a speech at the Economic Club of New York. \u201cWe know that when Canada and the United States have had our differences over the centuries we have always worked and eventually worked through them, because we share values and common interests run deep.\u201d<\/p>\n

But Mr. Carney did not downplay the global turmoil brought by the Trump administration, changes that he first pointed out earlier this year at the World Economic Forum in Davos, Switzerland in a speech that attracted worldwide attention.<\/a><\/p>\n

\u201c The world is undergoing a rupture,\u201d he said. \u201cLed by the United States, technological change is accelerating at a pace we have not seen in our lifetime. The U.S. is transforming all its commercial relationships, as is its right. The world is becoming more divided and dangerous.\u201d<\/p>\n

Canada, he said, had responded quickly to these shifts \u201cby diversifying our partnerships abroad.\u201d<\/p>\n

\u201cWe have to care ourselves and be true to ourselves,\u201d he said.<\/p>\n

The prime minister also directly criticized the tariffs Mr. Trump has imposed on Canada\u2019s steel, aluminum and auto making industries. Many analysts fear that tariffs threaten the survival of companies in those sectors and may even ultimately doom auto making<\/a> in Canada.<\/p>\n

A return to the tariff-free trade in autos, Mr. Carney said, \u201cis the best and most durable way to confront intense global competition.\u201d He also reminded the audience of Canada\u2019s role as the largest supplier of imported oil, natural gas and electricity and potash as well as its shipments of other important minerals like nickel, copper and uranium.<\/p>\n

He lavished praise on the United States, even as he took aim at President Trump\u2019s policies. Mr. Carney said that the United States is approaching its 250th anniversary as \u201cthe most dynamic, resilient, and inventive country the world has ever seen, as a country whose founding values of liberty, democracy, justice, and openness should continue to serve as guides to its future and that of the world,\u201d Mr. Carney said. \u201cThat future should include a new partnership with Canada. A true partnership that reimagines cooperation in specific sectors deeply challenged by global competition.\u201d<\/p>\n

Mr. Carney, who was once the central banker of Canada and England and a senior investment executive, was with familiar faces on Thursday. Aside from his speech, the prime minister spent the day meeting with large investors in New York as part of his campaign to attract $1 trillion in investments to Canada over five years.<\/p>\n

When he moved into politics last year, Mr. Carney was vice chairman of Brookfield Asset Management, a New York headquartered unit of Toronto-based Brookfield that currently manages about $1 trillion in assets. He was also chairman of Bloomberg, the financial and news service founded by Michael R. Bloomberg, the former mayor of New York.<\/p>\n

Courting American investors might seem out of tune with Mr. Carney\u2019s growing reputation as the leader who famously called on the world\u2019s \u201cmiddle powers\u201d in Davos to band together in a world changed by Mr. Trump.<\/p>\n

But earlier this month in Toronto, he also opened up the possibility that Canada might agree to join in with some of the Trump administration\u2019s trade protectionism against if that will save free trade provisions of the United States Mexico Canada Agreement which is now up for review.<\/p>\n

\u201cCanada remains open to deeper integration, including options for fortress North America in selected sectors,\u201d he told a meeting of progressive politicians. \u201cAnd to be clear, those offers are on the table.\u201d<\/p>\n

Lori Turnbull, a political scientist at Dalhousie University in Halifax, Nova Scotia said that opening reflects the impossibility for Canada of fully or even substantially replacing the United States as a trade and economic partner.<\/p>\n

\u201cCanada is going to have to find a way to deal with this and the American are still going to put on the tariffs,\u201d Professor Turnbull said. \u201cWe\u2019re in the weak position and they can call the shots.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Prime Minister Mark Carney of Canada said on Thursday that his country\u2019s attempt to reduce its diplomatic and…\n","protected":false},"author":2,"featured_media":64897,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[17,735,8854,27609,111,6783,4830,30,6779],"class_list":["post-64896","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mark-carney","tag-canada","tag-carney","tag-customs-tariff","tag-economic-club-of-new-york","tag-mark-carney","tag-mark-j","tag-new-york-city","tag-united-states","tag-united-states-international-relations"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/64896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=64896"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/64896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/64897"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=64896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=64896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=64896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}