// LEADERS' VIEWS
MARK CARNEY, PRIME MINISTER, CANADA
Canada is advancing strategic autonomy through resources, alliances and global trade E very day we are reminded that we live in an era of great power rivalry. That the rules-based order is fading … As a result, many countries are Canada and our international part- ners have called consistently upon the Iranian regime to end its nuclear pro- gram including at the 2025 G7 Leaders’ Summit in Kananaskis, Alberta, and with the United Nations’ reimposition of
Canada, like Australia, has one of the largest critical minerals reserves in the world … Together, we produce more than one third of global lithium, a third of uranium supply, more than 40% of iron ore, and a combined $25 billion war chest to fast- track projects. Globally, we are number one and number two as the most attrac- tive mining investment jurisdictions in the world … Lowy Institute, 4 March 2026 Our lands stretch out to form the second-largest country in the world, bor- dered by the world’s longest coastline. Canada is home to 20% of the world’s freshwater, 25% of global wetlands, almost a quarter of boreal forests, and more than 80,000 species … The scale of our natural heritage makes our choices consequential for the world, and we have been a world leader in protecting global nature. In 2022 at the United Nations Biodi- versity Conference in Montréal, Canada helped secure the landmark agreement to halt and reverse nature loss – the Kunming-Montréal Global Biodiversity Framework. As part of it, we committed to one of the world’s biggest conservation goals – protecting 30% of our lands and waters by 2030 … Launch of Canada’s Strategy to Protect Nature, 31 March 2026 We have secured more than 20 eco- nomic and security partnerships across five continents in less than a year. We’re re-engaging with global giants like India, China, and Brazil, and deep- ening our partnerships with our closest allies, including the European Union, the Nordic countries, and Australia. As a result, we’re attracting the strongest new investment in the G7, and we’re on track to double our non- U.S. exports within a decade. That’s $300 billion in new orders for Canadian resources, goods, and expertise … We have signed 56 agreements on critical minerals with more than 10 countries … Today, I am proud to announce a new pillar of our plan: the Canada Strong Fund – Canada’s first national sovereign wealth fund. Launch of Canada Strong Fund, 27 April 2026
drawing the same conclusions. They must develop greater strategic auton- omy: in energy, food, critical minerals, in finance, and supply chains … Canada was amongst the first to hear the wake-up call … We are rapidly diversifying abroad. We have agreed a comprehen- sive strategic partnership with the European Union, including joining … Europe’s defence procurement arrangements … On Ukraine, we are a core member of the Coalition of the Willing and one of the largest per-capita contributors to its defence and security. On Arctic sovereignty, we stand firmly with Greenland and Denmark and fully support their unique right to determine Greenland’s future … On plurilateral trade, we are cham- pioning efforts to build a bridge between the Trans-Pacific Partnership and the European Union, creating a new trading block of 1.5 billion people. On critical minerals, we are form- ing buyer’s clubs anchored in the G7 so that the world can diversify away from concentrated supply. On AI [artificial intelligence], we are cooperating with like-minded democ- racies to ensure we will not ultimately be forced to choose between hegem- ons and hyperscalers … Canada has what the world wants. We are an energy superpower. We hold vast reserves of critical minerals. We have the most educated population in the world. Our pension funds are amongst the world’s largest and most sophisticated investors. We have cap- ital, talent, and a government with the immense fiscal capacity to act decisively. World Economic Forum, 20 January 2026
sanctions this past September … Our government has cut taxes on income, capital gains, and business investment … These measures reduce our marginal effective tax rate for investment to just 13% … That’s 4.5 per- centage points below the United States and it is one half of the G7 average … We retain the best trade deal with the US. Our average tariff rate is less than 5% and more than 85% of our trade enters the US tariff-free … We are aiming much higher … And that’s why, last year … I invited Prime Minister Modi to the 2025 G7 Leaders’ Summit in Canada … At the G20 Leaders’ Summit in Johan- nesburg, Prime Minister Modi and I launched a landmark partnership with Australia on critical minerals and technology … Remarks to business leaders, Mumbai, 28 February 2026
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