Canada’s PM calls economic ties with US a weakness that must be corrected

VANCOUVER, British Columbia — Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada’s strong economic ties to the United States were once a strength but are now a weakness that must be corrected.

In the 10-minute address, Carney spoke about his government’s efforts to strengthen the Canadian economy by attracting new investments and signing trade deals with other countries.

“The world is more dangerous and divided,” Carney said. “The U.S. has fundamentally changed its approach to trade, raising its tariffs to levels last seen during the Great Depression.

“Many of our former strengths, based on our close ties to America, have become weaknesses. Weaknesses that we must correct.”

Carney said tariffs imposed by U.S. President Donald Trump have affected workers in the auto and steel industries. He added that businesses are holding back investments “restrained by the pall of uncertainty that’s hanging over all of us.”

Many Canadians have also been angered by Trumps comments suggesting Canada become the 51st state.

Carney said he plans to give Canadians regular updates on his government’s efforts to diversify away from the U.S.

“Security can’t be achieved by ignoring the obvious or downplaying the very real threats that we Canadians face,” he said. “I promise you I will never sugarcoat our challenges.”

It’s not the first time Carney, who served as a central bank governor, first at the Bank of Canada and later with the Bank of England, has spoken about a shift in world power.

During a speech in January at the World Economic Forum in Davos, Switzerland, he received widespread praise for condemning economic coercion by great powers against small countries.

His remarks brought a rebuke from Trump.

“Canada lives because of the United States,” Trump said after the speech. “Remember that, Mark, the next time you make your statements.”

Popular Reads

There was no immediate White House reaction Sunday to the address.

Carney’s comments came days after securing a majority government following special election wins and as the opposition Conservatives push him to deliver a U.S. trade deal, which was among his promises in last year’s election.

A review of the current version of the North American Free Trade Agreement between Canada, the U.S. and Mexico is scheduled for July.

In his address, Carney said he wants to attract new investments into Canada, double the size of clean energy capacity and reduce trade barriers within the country. He also emphasized Canada’s increased defense spending, reduction in taxes and efforts to make housing more affordable.

“We have to take care of ourselves because we can’t rely on one foreign partner,” he said. “We can’t control the disruption coming from our neighbors. We can’t control our future on the hope it will suddenly stop.

“We can control what happens here. We can build a stronger country that can withstand disruptions from aboard.”

Carney said simply hoping the “United States will return to normal” is not a feasible strategy.

“Hope isn’t a plan and nostalgia is not a strategy,” he said.

Carney said Canada has “been a great neighbor” standing with the U.S. in conflicts including Afghanistan, plus two World Wars.

“The U.S. has changed and we must respond,” he said. “It’s about taking back control of our security, our borders and our future.”

Read More

  • Related Posts

    Starmer calls emergency Cobra meeting today over crisis after saying Government ‘can’t do it on its own’

    Keir Starmer last night appealed to oil and banking executives to help Britain deal with a looming 1970s-style energy shock as he warned: ‘The Government can’t do it on its…

    Trump calls 60 Minutes reporter a ‘disgrace’ for reading manifesto from White House Correspondents’ Dinner shooter on air

    Donald Trump told CBS News anchor Norah O’Donnell she was a ‘disgrace’ for reading excerpts of Cole Thomas Allen’s manifesto that made wild accusations toward the President. Allen, 31, sent…

    You Missed

    Quaint suburb in Maryland is rocked after their beloved cherry blossom trees were abruptly cut down overnight

    • By poster
    • June 9, 2026
    • 1 views
    Quaint suburb in Maryland is rocked after their beloved cherry blossom trees were abruptly cut down overnight

    Labor MP Ali France accused of committing electoral fraud for being enrolled to vote on a vacant block

    • By poster
    • June 9, 2026
    • 1 views
    Labor MP Ali France accused of committing electoral fraud for being enrolled to vote on a vacant block

    Portland professor sues university for $7 million after she was placed on leave over viral ‘I am Hamas’ video

    • By poster
    • June 9, 2026
    • 1 views
    Portland professor sues university for $7 million after she was placed on leave over viral ‘I am Hamas’ video

    Husband and wife both had sore backs and put it down to ‘kidney stones’. Turns out they had the same cancer

    • By poster
    • June 9, 2026
    • 1 views
    Husband and wife both had sore backs and put it down to ‘kidney stones’. Turns out they had the same cancer

    Father of ISIS bride insists she simply made a ‘mistake’ when she married a terror fighter at the age of 21

    • By poster
    • June 9, 2026
    • 1 views
    Father of ISIS bride insists she simply made a ‘mistake’ when she married a terror fighter at the age of 21

    Girl, 14, was enjoying evening walk through her leafy Midwest neighborhood… then a stranger in a black car pulled up alongside her and horror ensued

    • By admin
    • June 8, 2026
    • 2 views
    Girl, 14, was enjoying evening walk through her leafy Midwest neighborhood… then a stranger in a black car pulled up alongside her and horror ensued