Overview
- Speaking at the World Economic Forum, Prime Minister Mark Carney said the old rules‑based order is not returning and warned that great powers are weaponizing trade, finance and supply chains.
- Carney urged middle powers to act in concert to protect sovereignty, echoing his line that those not at the table risk being on the menu.
- Canada formally signaled opposition to any U.S. tariffs tied to Greenland and backed Denmark’s authority over the territory, calling for focused Arctic talks.
- Ottawa’s diversification drive has advanced with a Beijing visit and a deal with China, agreements with Qatar, Ecuador and Indonesia, and investment pacts including with the UAE.
- Economists note Canada still sends about two‑thirds of its exports to the United States, constraining rapid reorientation, while media reports say military planners have war‑gamed scenarios including a U.S. invasion as contingency planning.