The old order is not coming back, Carney says in provocative speech at Davos
Summary
Canada's Prime Minister Mark Carney argues at Davos that the traditional U.S.-led rules-based order is ending and middle powers must pursue strategic autonomy and diversified trade. He urges strengthening domestic capability, expanding energy and mineral security, and forming coalitions with like-minded nations, while cautioning against overreliance on bilateral deals with hegemonic powers. The speech also highlights Canada’s efforts to diversify trade, boost defense spending, and engage with partners such as the EU and China with guardrails.