Carney Says Canada is ‘Strong’ as US Borrowing Costs Rise and Europe Ties Deepen
Canadian PM Mark Carney highlights Canada's resilience amid rising US borrowing costs and deepening EU ties, emphasizing economic strength and strategic alli...
POLICY WIRE — Ottawa, Canada — Canadian Prime Minister Mark Carney has asserted that Canada is demonstrating resilience and strength as the country moves beyond its traditional reliance on the United States. This comes as U.S. government borrowing costs remain significantly higher than Canada’s, according to Carney.
Carney, who recently returned from a visit to the European Parliament in Strasbourg, France, emphasized the need for Canada to develop deeper ties with the European Union. He called for a new alliance spanning energy, critical minerals, defense, artificial intelligence, and other strategic sectors, stating that Canada can no longer afford to depend on a single country.
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During his address to Liberal lawmakers in Ottawa, Carney also criticized recent U.S. tariffs as a ‘miscalculation’ and reiterated that suspending trade talks with Washington was the right decision. He highlighted Canada’s fiscal position as a source of strength, contrasting it with the U.S. as financial markets begin to separate the strong from the weak.
Reporting by Policy-Wire (PW)
