Overview
- Speaking at the World Economic Forum, Mark Carney said the rules-based system is fading and that great-power geopolitics is no longer constrained.
- He argued that recent financial, health, energy and geopolitical crises exposed the risks of deep integration exploited by major powers.
- Carney warned that trade, finance and supply chains are being weaponized, urging countries to secure autonomy in food, energy, critical minerals, finance and defense capacity.
- He called for practical, issue-by-issue coalitions among middle powers, cautioning that those not at the table risk ending up on the menu.
- He said Canada is recalibrating relationships, voiced firm support for Greenland and Denmark, and reaffirmed NATO Article 5, while separate media reports described unconfirmed Canadian military contingency planning.