Carney outlines plan to cut Canada's US reliance
The gist
Carney outlined a plan to cut Canada's US reliance.
Canada sends 72% of its exports to the US.
How it unfolded
- Aug 21, 2026Canada suspended trade negotiations with the US after Carney said Washington introduced last-minute terms Ottawa considered unfair and economically damaging.
- Sep 17, 2026Carney addressed the European Parliament in Strasbourg, welcoming European Commission President Ursula von der Leyen's proposal for Canada to become the EU's first associate member.
- Sep 20, 2026Carney said 'There is now a price to be paid for access to the United States market,' pointing to tariffs, US investment commitments and demands for domestic policy changes; he also met French President Emmanuel Macron in Saint-Pierre-et-Miquelon.