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Reading: Canada should cut back dependence on US: Mark Carney
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StockWaves > Business > Canada should cut back dependence on US: Mark Carney
Business

Canada should cut back dependence on US: Mark Carney

StockWaves By StockWaves Last updated: November 3, 2025 2 Min Read
Canada should cut back dependence on US: Mark Carney
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Canadian Prime Minister Mark Carney has stated that the nation should cut back its dependence on the US. He additionally stated that there was progress in Canada’s relations with India.

“I’ve not met Prime Minister (Narendra) Modi, however our overseas ministers have met,” the Canadian PM stated.

“These are the discussions we’re having and you’ll see that the traction we’re getting… A free commerce cope with Indonesia, free commerce talks now launched with the Philippines and Thailand,” he stated.

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“We have already got free commerce CPATPP (Complete and Progressive Settlement for Trans-Pacific Partnership) with quite a lot of different economies,” famous the Canadian PM.

The Canadian prime minister’s remarks come amidst his nation’s renewed commerce tensions with the US, following US President Donald Trump’s choice final week to terminate all commerce negotiations with Ottawa. He was talking to reporters after the APEC summit in South Korea.

What Canadian PM Mark Carney says about Canada-India relations

Underscoring progress his authorities has made in rebuilding and strengthening ties with India, the Canadian PM described it as a part of a broader technique to diversify Canada’s commerce partnerships and cut back dependence on the US.

Carney additionally stated Canada’s method was already yielding outcomes. “We’re constructing new partnerships with nations world wide… There is no such thing as a higher place to try this than within the fastest-growing area, which represents 60 per cent of the worldwide financial system,” stated Carney. He was referring to the Asia Pacific area.

He additionally talked about “a turning level” in Canada’s relationship with China.

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