Carney Pushes Canada’s Investment Agenda at Davos
Canadian Prime Minister Mark Carney attended the World Economic Forum in Davos to promote investment and trade.
He emphasized that Canada seeks to expand economic partnerships beyond the United States.
The trip follows recent trade deals signed with China and Qatar to diversify markets.
Carney highlighted that Canada prospers under a predictable, rules-based international order, but called it a “useful fiction.”
He said the system relied on U.S. hegemony and often applied asymmetrically to different countries.
“Trade rules were enforced unevenly, and international law applied depending on the accused or victim,” Carney explained.
Middle Powers Must Adapt
Carney warned that the world is shifting toward economic coercion, with great powers prioritizing their own interests.
He urged middle powers like Canada to adapt to this reality by strengthening global partnerships.
Canada aims to maximize influence through broad engagement, rather than wait for a world to match idealistic expectations.
Carney stressed that Canadian investment policies focus on energy, technology, and natural resources sectors.
He wants to attract foreign capital while balancing trade relationships across Asia, Europe, and the Middle East.
“Canada actively takes on the world as it is,” Carney said, reinforcing the need for pragmatic engagement.
Securing Influence in a Changing World
Carney noted that Canada received a wake-up call from U.S. tariffs last year and calls from Trump for territorial annexation.
He said middle powers must work together to defend sovereignty as the U.S., China, and Russia expand their influence.
Carney also faced criticism for engaging with authoritarian leaders, including China’s President Xi Jinping, highlighting the diplomatic balancing act.
The Prime Minister concluded his speech by emphasizing that Canada’s proactive investment strategy and diversified trade partnerships strengthen its global role.
Carney’s approach positions Canada as a stable, attractive destination for investors in a turbulent global economic environment.
