Power & Politics Power & Politics: Exclusive interview with Prime Minister Mark Carney
May 27, 2025
Prime Minister Mark Carney, previously the Governor of the Bank of Canada, opens up about the significance of King Charles' throne speech for Canadian identity. He dives deep into trade dynamics with the U.S., discussing tariff challenges and Canada’s strategy for domestic defense investment. Carney addresses the pressing housing crisis, calling for innovative solutions to enhance affordability and combat homelessness. He emphasizes the need for collaboration amidst Alberta's energy landscape and critiques the slow legislative process, spotlighting the urgency for action.
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Renewed Canada-US Trade Dialogue
- The Oval Office meeting marked "the end of the beginning" for Canada-US dialogue on trade and security.
- Canada seeks a partnership that reflects its interests while addressing tariffs and border security.
Shifting from US Reliance
- Canada aims to diversify its economic and security partnerships beyond the US, particularly focusing on Europe and Asia.
- Over-reliance on the US poses risks, so a multipartner strategy is necessary for Canada's sovereignty.
Increasing Defense Spending Smartly
- Canada plans to spend more on defense sooner, focusing on sovereignty and partnerships with Europe.
- The goal is effective investment benefiting Canadian jobs and reducing reliance on US defense spending.