Canada must reduce US reliance, says Mark Carney

The True Post (Web News)Mark Carney said on Sunday that the relationship between Canada and the United States, once seen as a strength, has now become a weakness, and it is time for Canada to take full control of its own future.

In a social media address, Carney said the uncertainty created by the United States is affecting the entire country, but his government has a clear strategy to deal with the situation.

He said the United States has fundamentally changed its trade policy, raising tariffs to levels not seen since the Great Depression. According to him, close ties with the U.S. were once Canada’s strength, but are now a vulnerability that must be corrected.

Carney stressed that Canada must move towards self-reliance, as it cannot depend on a single foreign partner. He said Canada cannot control the changes coming from its neighbour, nor can it rely on hope or nostalgia, but it can control its own decisions.

He added that the government is working on attracting new investments and building partnerships to access new markets, noting that 20 new agreements have been signed across four continents in the past year.

The prime minister also announced plans for a major investment summit aimed at bringing in $1 trillion over the next five years to support national development projects.

He said the economy will be integrated into a stronger system, new energy corridors will be developed, and clean energy capacity will be doubled.

Carney warned against expecting a return to past relations with the United States, saying hope is not a strategy and nostalgia is not a plan.

He also said younger generations have grown up in an unstable world shaped by events such as the Iraq war, the financial crisis, and the COVID-19 pandemic.

He concluded by saying that while progress will take time and challenges will arise, Canada will overcome them through unity.

The statement comes as the government holds a parliamentary majority, while opposition parties are pressing for faster progress on trade negotiations with the United States.

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