# 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.
- Title: Carney calls Canada strong as US borrowing costs rise
- Summary: Canadian PM Mark Carney declares Canada strong amid rising US borrowing costs and deepening EU ties. Canadian Prime Minister Mark Carney says Canada is…
- Keywords: mark carney, canada, us borrowing costs, canada investment summit, trade negotiations, canadian prime minister, news, local, Carney, calls, strong, borrowing
- Source: Seattletimes — https://seattletimes.com/nation-world/carney-says-canada-is-strong-as-us-borrowing-costs-rise-and-europe-ties-deepen
- Read time: 1 min
- Topics: mark carney, canada, us borrowing costs, eu, canada investment summit, trade negotiations, canadian prime minister, news, local
## 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.
## Key takeaway

Canadian Prime Minister Mark Carney says Canada is stronger than the US financially and has launched a new alliance with Europe.