Mark Carney is Canada’s new Prime Minister in 2025 and comes with a strong banking background. Raised in Edmonton Alberta went on to get his doctorate in economics from the University of Oxford. Started working for Goldman Sachs before joining the Bank of Canada as a deputy governor in 2003. Went on to to become the Governor of the bank of Canada and then to Governor of the Bank of England. After leaving banking, was appointed Special Envoy to the UN. In 2023, Carney became co-chair to the World Bank’s private sector investment lab. Canada in 2025 is now ready to be part of the new world order.
With Donald Trump trying to “make a new deal” with every country on the planet, the world is being rocked by financial insecurities around tariffs and broken contracts. Realignment of allies for a new world order is underway.
Canada is being pushed to the forefront of this chaos because of its proximity to the United States and the fact the US is by far our largest trading partner. For Canada, it is a must to establish new trading partners. After all, who doesn’t want Canadian oil, gas, uranium, minerals, lumber and maybe most of all, a stable secure trusted friend who will not stab you in the back.
The US will always be a trading partner with Canada. We must supply them with electricity on both coasts or their lights go out. Our economies are joined at the hip, so we must endure until we open up to Europe and China.
Trump says the US doesn’t need anything Canada has, and that he has all the cards. I think senility may be at play here. I feel sorry for our brothers across our southern border. Maybe they will relieve themselves of their biggest problem–the guy at the top. The US needs to realize they can not suppress every other nation, just so they can control it all.
Canada is making LNG deals with Europe and China. We are also selling oil to China in a big way from our new terminals on our West Coast. I have always been leery of letting China into investing in Canada but as long as they stay out of our communication infrastructure and rare earth mining, I say they may well prove to be a better business partner than the US. Our real hope is for Canada to move much closer to the EU and form some sort of “member at a distance” relationship. Canada is more aligned with the values of the EU than anyone else and we have what they need and they have what we need.
Germany as well as other EU nations are interested in a stable supply of LNG and are willing to invest in another terminal to be built on our east coast. This may not be viable considering our west coast terminal can route LNG now through the Northwest Passage.
Canada as a nation needs investment and with the US looking rather unstable under Trump, many investors are looking for a stable place to do business. With mining and a government that is “open for business,” we are getting rid of the red tape and making mining a great opportunity for new investment. Canada is ready to surge ahead economically and is welcoming others to get on board.
image sources
- Mark_Carney_portrait_February_2020: https://commons.wikimedia.org/wiki/File:Mark_Carney_portrait_February_2020.jpg | Public Domain Mark 1.0