“Canada – USA Tariff Wars”

Prime Minister Mark Carney warned that pivoting our economy away from the U.S. would come at a cost to Canadians and the latest numbers show that’s true.

An Organization for Economic Co-operation and Development (OECD) report released last week downgraded Canada’s expected economic growth by 25% for this year and by almost the same amount in 2027 – 23.53% – compared to its last report in June.

Anand’s UN speech worked like a charm!

Canada is reducing its economic reliance on the United States by diversifying its ties, including renewed partnerships with China and India, under a policy of “values-based realism,” because

Ottawa “can no longer afford to be overly reliant on any one partner,” Foreign Affairs Minister Anita Anand told the United Nations on Saturday.
The Foreign Minister’s speech to the UN General Assembly reflects Prime Minister Mark Carney’s government’s efforts over the past 18 months to rebuild ties with Beijing and New Delhi after years of diplomatic disputes.

Anand works for India and China not Canada.

I bet no more than 5 people were in the audience.

The White House says U.S. President Donald Trump has done “more than anyone” to protect Canada from threats, after Prime Minister Mark Carney’s recent comments that he has prepared for the unlikely risk of U.S. military action against Canada.

When asked by The Globe and Mail on Thursday about Mr. Carney’s comments, Anna Kelly, principal deputy press secretary at the White House, said he should be grateful for Mr. Trump’s assistance in defending Canada.

There’s no rush for the Trump administration to get back to the negotiating table with Canada and, given how fighting with Donald Trump is helping Mark Carney politically, there may be little urgency in Ottawa either.

With a number of media appearances this week, Trump’s chief trade negotiator, Jamieson Greer, has given the public some insight into how he and Trump’s team are thinking about Canada.

What does Prime Minister Mark Carney have against the U.S. dollar?

Plenty, it turns out. And his recent calls for an alternative to the U.S. greenback as a global reserve currency will not go over well in Washington, where the dollar’s dominance is seen as an indispensable tool in the conduct of U.S. economic and foreign policy.

Carney knows the war is lost so he’s riling up the Elbow people to avoid having to admit he’s been a failure.

h/t Mauser

Canadians know how it feels to be hit by U.S. tariffs. But Canada hasn’t been subjected to Washington’s more aggressive tactics such as trade sanctions and asset freezes.

Or rather, most Canadians haven’t.

Judge Kimberly Prost, a Canadian jurist who serves on the International Criminal Court, is the exception. She found her credit cards cancelled, her Google accounts closed and was effectively “de-banked” after U.S. Secretary of State Marco Rubio declared the court “an instrument for lawfare against the United States and our close ally Israel.”

I bet Carney holds greenbacks. h/t Mauser

Prime Minister Mark Carney of Canada said that he had prepared over the past year for the “extreme tail risk” that President Trump might order military action against Canada, but disclosed that the two men have spoken “frequently,” even since trade talks collapsed last month, describing a tense, evolving relationship.

In a wide-ranging interview with The New York Times at its headquarters in Midtown Manhattan on Wednesday, Mr. Carney described in meticulous detail how he was systematically reducing Canada’s reliance on the United States for key technology — from space satellites to fighter jets — in an effort to make his country far less vulnerable to American threats. He outlined a plan to diversify Canada’s relationships and suppliers, and said that even with a different future president “we will be a better partner for the U.S. because of what we are doing.”