Carney says Canada’s economic ties with US are a weakness that must be corrected[html]
Canada Prime Minister Mark Carney rises during Question Period on Parliament Hill in Ottawa, April 15, 2026. (Adrian Wyld/The Canadian Press via AP, File)2026-04-19T18:11:40Z
VANCOUVER, British Columbia (AP) — Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada’s strong economic ties to the United States were once a strength but are now a weakness that must be corrected.
In the 10-minute address, Carney spoke about his government’s efforts to strengthen the Canadian economy by attracting new investments and signing trade deals with other countries.
“The world is more dangerous and divided,” Carney said. “The U.S. has fundamentally changed its approach to trade, raising its tariffs to levels last seen during the Great Depression.
“Many of our former strengths, based on our close ties to America, have become weaknesses. Weaknesses that we must correct.”
Carney said data-gtm-enhancement-style="LinkEnhancementA" href="https://apnews.com/article/congress-tariffs-trump-canada-db591b69fbc3d867a82c7ae22d7e308b">tariffs imposed by U.S. President Donald Trump have affected workers in the auto and steel industries. He added that businesses are holding back investments “restrained by the pall of uncertainty that’s hanging over all of us.”
Many Canadians have also been angered by Trumps comments suggesting Canada become the 51st state.
Carney said he plans to give Canadians regular updates on his government’s efforts to diversify away from the U.S.
“Security can’t be achieved by ignoring the obvious or downplaying the very real threats that we Canadians face,” he said. “I promise you I will never sugarcoat our challenges.”
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Canada’s Prime Minister Mark Carney speaks at the Liberal national convention in Montreal, April 11, 2026. (Christinne Muschi/The Canadian Press via AP, File)
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Canada’s Prime Minister Mark Carney speaks at the Liberal national convention in Montreal, April 11, 2026. (Christinne Muschi/The Canadian Press via AP, File)
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It’s not the first time Carney, who served as a central bank governor, first at the Bank of Canada and later with the Bank of England, has spoken about a shift in world power.
During a speech in January at the World Economic Forum in Davos, Switzerland, he received widespread praise for condemning economic coercion by great powers against small countries.
His remarks brought a data-gtm-enhancement-style="LinkEnhancementA" href="https://apnews.com/article/carney-canada-davos-trump-eee151f749f35c8b30a9ff4a9525d0be">rebuke from Trump.
“Canada lives because of the United States,” Trump said after the speech. “Remember that, Mark, the next time you make your statements.”
There was no immediate White House reaction Sunday to the address.
Carney’s comments came days after securing a majority government following special election wins and as the opposition Conservatives push him to deliver a U.S. trade deal, which was among his promises in last year’s election.
A review of the current version of the data-gtm-enhancement-style="LinkEnhancementA" href="https://apnews.com/article/canada-us-trade-minister-trump-510b229da16a7796482f456d87e2671a">North American Free Trade Agreement between Canada, the U.S. and Mexico is scheduled for July.
In his address, Carney said he wants to attract new investments into Canada, double the size of clean energy capacity and reduce trade barriers within the country. He also emphasized Canada’s increased defense spending, reduction in taxes and efforts to make housing more affordable.
“We have to take care of ourselves because we can’t rely on one foreign partner,” he said. “We can’t control the disruption coming from our neighbors. We can’t control our future on the hope it will suddenly stop.
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