14 hrs ago
Carney Says Canada Must Prepare for Extreme US Risk
Mark Carney is the prime minister of Canada.
He said Canada is thinking about even very unlikely dangers, including a possible US military action.
He stressed that an invasion is not what he expects to happen.
However, he said it would be irresponsible not to prepare for serious risks.
Canada is also trying to depend less on the United States for important services and trade.
One example is finding alternatives to Starlink, a satellite internet service provided by SpaceX.
Carney said Canada should not break apart industries that are closely connected between the two countries.
He also said countries may want more choices besides using the US dollar.
Even though relations are tense, Carney said he still speaks with President Donald Trump frequently.
Prime Minister Mark Carney said Canada must assess and prepare for the extreme-tail risk of possible US military action.
Carney said a US invasion is not the expected scenario, but preparing for it would be responsible risk management.
Canada plans to reduce reliance on US-linked services, including SpaceX’s Starlink satellite broadband.
Carney said Canada should preserve interconnected industries such as automobiles and avoid using energy and food exports as leverage.
He expects demand for alternatives to the US dollar to grow as countries respond to the Trump administration’s trade tactics.
- Who
- Canadian Prime Minister Mark Carney, President Donald Trump, and the governments of Canada and the United States.
- What
- Carney discussed preparing for the extreme-tail risk of US military action and reducing Canada’s economic and strategic dependence on the United States.
- Where
- Canada and its economic, strategic, and trade relationship with the United States.
- When
- During a New York Times interview; the articles do not provide a specific date.
- Why
- Carney cited risk management, US tariffs and trade actions, and concerns about dependence on the United States.
Canadian Risk Management
US Pressure and Integration
Preparing for military risk
Canadian Risk Management
Carney said Canada has a responsibility to examine and prepare for extreme-tail risks, including possible US military action, even though an invasion is not the expected scenario.
US Pressure and Integration
Donald Trump has repeatedly used rhetoric about making Canada the 51st US state, while the article does not report a specific US plan for military action.
Reducing dependence
Canadian Risk Management
Carney said Canada should diversify away from US-linked services and reduce economic and strategic dependence because of tariffs and other trade actions.
US Pressure and Integration
Carney also acknowledged limits to separating the countries, saying the interconnected automotive sector should not be broken up and that Canadian energy and food exports should not be used as leverage.
Key facts
- Speaker
- Canadian Prime Minister Mark Carney
- Risk discussed
- Possible US military action against Canada
- Carney’s assessment
- An invasion is not a base case, but preparing would be responsible
- Technology diversification
- Canada plans to reduce reliance on SpaceX’s Starlink satellite broadband
- Economic integration
- Carney said breaking up the interconnected automotive sector would not make sense
- Currency outlook
- Carney expects demand for alternatives to the US dollar to increase
- US-Canada communication
- Carney said he speaks with Donald Trump frequently
Quotes
Mark Carney
Prime Minister of Canada
“I think you have a responsibility in these roles to look at extreme tail risk.”
NDTV
“Starlink, we will diversify away from, no question.”
NDTV
Sources
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