Carney Charts New Economic Course for Canada, Eyes Europe as Alternative

Canadian Prime Minister Mark Carney is shifting his country's economic focus away from its long-standing dependence on the United States, driven by President Donald Trump's aggressive trade policies. For nearly four decades, Canada's economy has been closely integrated with the US, but Trump has used tariffs and threats to force Canada into a more precarious position.

Carney is now building an alternative economic relationship with Europe, aiming for less dependence on any single country. He recently met with European Commission President Ursula von der Leyen in Strasbourg, France, and addressed the European Parliament, where he emphasized the need for countries to have enough economic strength to resist pressure from dominant powers.

Carney's push for diversification is not just about reducing reliance on the US market but also about creating new opportunities. He wants to double non-US trade over the next decade and has set a target of securing a free-trade deal with India by year-end.