From Seattletimes · · 1m 10s
Carney calls Canada strong as US borrowing costs rise
Canadian PM Mark Carney declares Canada strong amid rising US borrowing costs and deepening EU ties.
In brief
Canadian PM Mark Carney declares Canada strong amid rising US borrowing costs and deepening EU ties. Canadian Prime Minister Mark Carney says Canada is stronger than the US financially and has launched a new alliance with Europe. Originally reported by Seattletimes.
Carney declares Canada strong
Canadian Prime Minister Mark Carney says Canada is stronger than the US financially amid rising borrowing costs and deepening EU ties.
“We are the strong. We are Canada strong.”
Carney calls US tariffs a miscalculation
Carney labeled recent US tariffs a 'miscalculation' and said suspending trade talks with Washington last month was the right decision.
“We are the strong. We are Canada strong.”
Carney's fiscal strength
Carney highlighted Canada's fiscal position as a source of strength, contrasting with higher US borrowing costs.
“We’re now seeing financial markets starting to change the pricing … to separate the strong from the weak.”
Canada-EU alliance process
Carney announced Canada and Europe have launched a process for a new alliance spanning energy, critical minerals, defense, AI, and research.
“We are the strong. We are Canada strong.”
Canada investment summit
Canada's business tax break at the investment summit is expected to cut the effective tax rate on new investment to 6.4%.
“We didn’t need a big beautiful bill. We needed a targeted initiative.”
Next Canada-EU summit
The next major Canada-EU summit will take place in Montreal on Oct. 29-30.
“We are the strong. We are Canada strong.”
The key point
Canadian Prime Minister Mark Carney says Canada is stronger than the US financially and has launched a new alliance with Europe.
