Carney says Canada is ‘strong’ as US borrowing costs rise and Europe ties deepen
Carney said the two sides have launched a process for a new alliance as Canada seeks deeper ties and strategic autonomy.
- On Thursday, Canadian Prime Minister Mark Carney addressed the European Parliament in Strasbourg, France, calling for deeper transatlantic ties with the European Union amid an ongoing trade spat with President Donald Trump's administration.
- European Commission President Ursula von der Leyen proposed on Wednesday that Canada become the bloc's first "associate member," urging partners to "urgently reimagine our partnerships" during her speech in Strasbourg.
- Carney called for "strategic autonomy" in critical minerals, defense-industrial capacity, and energy, while proposing "seamless, digital trade in non-agricultural goods and a wide range of services" to build strengths deliberately and systematically.
- Rejecting the idea of a new power bloc, Carney stated, "I'm not proposing a third bloc in order to become a great power rival—only with better manners." He emphasized Canada seeks resilience to protect open markets and sovereignty.
- Carney also called for deeper "people-to-people ties," proposing that young citizens be allowed to "work, study and live where they want on either side of the Atlantic" to foster long-term cooperation between Canada and Europe.
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From Canada and Europe to Indo-Pacific and Latin America, the Canadian Prime Minister's proposal seeks to convert political affinities into economic, technological and strategic alliances
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Carney says Canada is ‘strong’ as U.S. borrowing costs rise and Europe ties deepen
TORONTO — Canadian Prime Minister Mark Carney on Friday cast Canada as moving quickly beyond its historical reliance on the United States after a whirlwind week in which he embraced the prospect of becoming the European Union’s first associate member.
Canadian Prime Minister Mark Carney has announced plans to reduce dependence on the United States and begin a new alliance with Europe. He emphasized changes in trade policies and strengthening financial markets, saying Canada can no longer rely on any one country.
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