Carney says U.S. reliance no longer serves Canada
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Canadian Prime Minister Mark Carney said Canada’s close economic relationship with the United States, long seen as a source of strength, has now become a point of weakness for the country, underscoring his government’s push to reduce reliance on the U.S. market and build a more self-reliant economy.
The remarks come as Carney’s government places affordability, housing, and infrastructure investment at the center of its agenda. After securing a parliamentary majority on April 14, 2026, Carney said Canada must strengthen its economic resilience amid rising trade and geopolitical uncertainty.
In earlier remarks that laid the foundation for this approach, Carney argued that bilateral negotiations with a hegemonic power leave middle powers negotiating from weakness. He also said Canada’s deep economic interdependence with the United States, once a strength, has become a strategic vulnerability, especially given the heavy share of Canadian exports tied to the U.S. market.
The message signals a broader shift in Ottawa’s economic thinking: away from heavy dependence on the United States and toward trade diversification, stronger domestic production, and greater resilience against external shocks.
