Wednesday, 10 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Canada's PM Carney in Europe to work with 'reliable allies'
Tuesday, 18 March 2025 03:33 WIB | ECONOMY |

Canada's Prime Minister Mark Carney said it was important to strengthen ties with "reliable allies" in Europe, as he met British and French leaders on his first overseas visit amid tensions with the United States.

Carney's decision to visit Paris and London instead of Washington, as is usual for Canadian leaders, comes after U.S. President Donald Trump escalated trade tensions with both Canada and Europe, and floated threats of annexing Canada.

"(It) is more important than ever for Canada to strengthen its ties with reliable allies like France," Carney said, ahead of a working lunch with President Emmanuel Macron at the Elysee Palace, noting that Canada was "the most European of non-European countries."

The former Bank of England governor later arrived in London to meet King Charles, Canada's head of state, and British Prime Minister Keir Starmer in Downing Street.

Carney, also a former head of the Bank of Canada, became the leader of Canada's ruling Liberal Party this month by depicting himself as an outsider with a history of tackling crises.

The political novice argued that he was best placed to oversee trade negotiations with Trump, who is threatening additional tariffs that could cripple Canada's export-dependent economy.

During Carney's stop in Paris, Macron made a veiled reference to the U.S. president, saying Canada was a good example of a country that defends its national interests while being collaborative on the global scene.

"I think we both believe that fair trade that respects international rules is good for everyone's prosperity, and is certainly more effective than tariffs," Macron said.
After leaving France, Carney travelled to London where he met Charles, who has not hidden his support for Canada in recent weeks.

In February, the king issued a statement to mark the 60th anniversary of the national flag of Canada, describing it as "a symbol that never fails to elicit a sense of pride and admiration, as I recall with the deepest affection my many Canadian visits and friendships".

Trump has stunned allies and foes alike since he returned to the White House in January, imposing tariffs, ending the isolation of Moscow and even floating threats of annexation for Canada or the Danish territory of Greenland.

Source: Investing.com

RELATED NEWS
Israel will kill Hamas leaders next time if they survived Qatar attack, Israeli official says...
Wednesday, 10 September 2025 23:24 WIB

If Israel failed to kill Hamas leaders in an air strike on Qatar on Tuesday, it would succeed next time, the Israeli ambassador to the United States said after the operation, which raised concerns it ...

Breaking News: US Annual PPI Inflation Falls to 2.6% in August, Compared to an Expected 3.3%...
Wednesday, 10 September 2025 19:39 WIB

Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in July, the U.S. Bureau of Labor Statistics (BLS) repor...

US Nonfarm Payrolls benchmark revision points to 911,000 decrease in March 2025 level of employment...
Tuesday, 9 September 2025 21:13 WIB

The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total Nonfarm employment for March 2025 is...

Potential Trump tariff refund bill could top $1 trillion as Supreme Court fight looms...
Tuesday, 9 September 2025 05:05 WIB

The United States government has already collected tens of billions of dollars from President Donald Trump's "reciprocal tariffs." But that money and a lot more could end up being refunded if the Sup...

Putin says foreign troops in Ukraine would be legitimate targets...
Saturday, 6 September 2025 01:10 WIB

Ukrainian President Volodymyr Zelenskiy said on Friday thousands of foreign troops could be deployed to his country under post-war security guarantees, but Russian leader Vladimir Putin said Moscow wo...

LATEST NEWS
European Stocks Close Slightly Lower

European stocks closed mostly lower on Wednesday with losses from tech, consumer defensive companies, and miners as markets continued to assess the outlook on global rates and geopolitical risk. The Eurozone's STOXX 50 closed dropped 0.2% to 5,378...

Israel will kill Hamas leaders next time if they survived Qatar attack, Israeli official says

If Israel failed to kill Hamas leaders in an air strike on Qatar on Tuesday, it would succeed next time, the Israeli ambassador to the United States said after the operation, which raised concerns it would torpedo efforts to secure a ceasefire in...

S&P 500 rises to record on new inflation data

The S&P 500 jumped to a fresh record on Wednesday after a reading on wholesale prices unexpectedly declined, a welcome development for investors clamoring for a Federal Reserve rate cut next week to boost the economy. Oracle shares led the...

POPULAR NEWS
Will Nonfarm Payrolls revisions hint at a 50 bps Fed cut next week
Tuesday, 9 September 2025 04:05 WIB

The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on...

Russian Forces Attack Power Plant In Kyiv Region, Ukraine's Energy Ministry Says
Monday, 8 September 2025 17:12 WIB

Russian forces attacked a thermal power plant in the Kyiv region as part of an overnight attack, Ukraine's Energy Ministry said on Monday,...

US Nonfarm Payrolls benchmark revision points to 911,000 decrease in March 2025 level of employment
Tuesday, 9 September 2025 21:13 WIB

The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark...

European shares end higher amid all eyes on French no-confidence vote
Tuesday, 9 September 2025 01:52 WIB

European shares finished higher on Monday, while French stocks also rose as investors stayed calm in the run-up to a no-confidence vote later in the...