Carney says Canada can emerge from Trump's trade war with a stronger and independent economy
Carney told global investors that Canada's reputation as a reliable partner has become more valuable in a world where economic relationships are increasingly transactional and "zero-sum."
In the midst of a strained trade relationship between the United States and Canada, Prime Minister Mark Carney recounted a humorous incident from his time as the Governor of the Bank of Canada. During a fireside chat at the Canada Investment Summit, Carney shared his memory of receiving a key to the city of Fort Smith, his hometown in the Northwest Territories.
While joking about the key's lack of utility due to the city's open-door policy, Carney then contrasted this experience with a subsequent meeting with President Donald Trump at the White House. According to Carney, Trump presented him with a grand key, explaining that it granted him access to the White House. Trump then added humorously, "Maybe they'll shoot you," prompting laughter from the audience.
Carney playfully summed up the current state of affairs between the two nations, stating that while entering Canada is straightforward, the U.S. might not be as welcoming. Despite the joke, Carney expressed his gratitude for both keys, emphasizing that the gesture from Trump was a positive example of Canadian-Capital investment.
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