Mark Carney

Rule Changes

Due to meet Xi Jinping at APEC in Shenzhen

Canada and China had no working channel between their financial regulators for more than seven years. On November 9, in Vancouver, they signed three.

Updated 4 hours ago

Money Moves

In office, navigating U.S. pressure over China trade

China's trade surplus passed $1 trillion for a second straight year, reaching $1.04 trillion in the first 10 months of 2026. October exports rose 35.2% from a year earlier, led by AI hardware, while imports jumped 41.6%.

Updated Yesterday

Rule Changes

Says more intense negotiations are underway and the U.S. has shifted on Canada's red lines; no deal signed.

Canada's counter-tariffs on about C$28 billion of U.S. goods remain in place, at rates from 15% to 50%. The White House's October 30 changes to its 50% tariff list took effect, removing 22 product lines and adding 97.

Updated 6 days ago

Rule Changes

In office

Russia's national hockey teams have been barred from international tournaments since the full-scale invasion of Ukraine in 2022. On October 30, 2026, the Court of Arbitration for Sport ordered the International Ice Hockey Federation to admit them to five championships in the 2026-27 season, including the World Juniors in Alberta.

Updated 7 days ago

Rule Changes

Called the result 'a great result for Canada.' The Globe and Mail reported the vote softened separatist rhetoric, that he dropped his predecessor's plan to cap Alberta oil production, and that some Albertans now call themselves 'Carney conservatives.'

Elections Alberta released official results on Oct. 29 showing 74.9 per cent voted to stay in Canada, with 2.2 million ballots cast on the separation question and turnout of 70.4 per cent. The agency had finished hand-counting 20,574,612 ballots across all 10 questions on Oct. 24, three days past its 48-hour deadline.

Updated Nov 2

Rule Changes

Hosted the 21st EU-Canada summit in Montreal

Canada and the European Union closed a two-day summit in Montreal on Oct. 30 by launching an "Alliance for the Future" and declaring Canada the bloc's first "associate member." The phrase has no legal basis in EU law and is contested by some member states. What does have text is a concluded Digital Trade Agreement, a lending framework for Canadian critical minerals, and Canada's entry into the EU's support loan for Ukraine.

Updated Nov 1

Rule Changes

Co-hosted the Montreal summit, used the term 'associate member' publicly, and said talks on Canada's status would conclude in June. The joint declaration omitted the term.

The joint declaration issued at the end of the Montreal summit on October 30 does not use the term "associate member." It pledges an "ever closer association" and commits both sides to define it by the 2027 summit. The term was removed after Germany, Italy, France and Greece objected to it in the draft.

Updated Nov 1

Rule Changes

Leading Canada's trade diversification strategy

Canada and the United Arab Emirates signed the Comprehensive Economic Partnership Agreement in Ottawa on October 27, 2026, after 47 days of talks. The deal gives 93.6% of Canadian exports preferential access when it takes effect, expected in 2027, and cuts or removes tariffs on more than 99% once fully in place.

Updated Oct 31

Money Moves

Leading the Defence, Security and Resilience Bank project

Britain will not join the Canada-led Defence, Security and Resilience Bank (DSRB), ending talks to merge the two countries' defence financing efforts. Reuters reported the sides could not agree on the bank's headquarters, the level of joint procurement, lending to members, or rules for new members.

Updated Oct 29

Rule Changes

Announced Canada's ratification of the High Seas Treaty

Canada is now a party to the High Seas Treaty, the first legal framework for protected areas in international waters. Prime Minister Mark Carney announced the ratification September 23, 2026, at the UN General Assembly, with an $82 million pledge to the OceanEye ocean-monitoring alliance. The treaty took effect for Canada on October 23.

Updated Oct 27

Built World

Backed the deal with federal financing

For 57 years, Newfoundland and Labrador sold power from one of the world's largest hydro plants to Quebec for about 0.2 cents a kilowatt-hour, which Quebec resold for roughly 50 times that. On August 17, 2026, the two provinces signed a framework to end that arrangement.

Updated Oct 22

Rule Changes

Announced the ocean funding and the Pacific Link national-interest designation; the fast-track law could also ease conditions on Vancouver's port expansion

Cold Lake First Nation asked the Federal Court on Oct 7 to quash Pacific Link's national-interest designation, saying the Major Projects Office never consulted it. The challenge puts Ottawa's plan to have conditions settled by Sept 1, 2027 on uncertain ground.

Updated Oct 20

Built World

Welcomed the Phase 2 decision at a Vancouver event

Shell and its partners approved a C$33 billion package for LNG Canada and Coastal GasLink on Sept. 29. The decision doubles the Kitimat terminal to 28 million tonnes a year, and crews began work two days later on a storage tank.

Updated Oct 20

Built World

As of October 2026: Announced Pacific Link national-interest designation

Prime Minister Mark Carney designated the West Coast oil pipeline, now named Pacific Link, as a project of national interest on October 1. The listing triggers a single streamlined federal review, with a conditions document due by September 1, 2027.

Updated Oct 4

Rule Changes

As of September 2026: Says impact of US bans is 'modest'; no further retaliation expected

The US import bans on Canadian alcohol, dairy, and motorcycles took effect Sept. 29, removing nearly $1 billion in Canadian goods from the US market. The bans cover most Canadian beer, wine, spirits, whey products, molasses, and motorcycles over 800 cc.

Updated Sep 30

Rule Changes

As of July 2026: Taking a defensive posture toward US demands

The trade deal covering roughly $1.8 trillion in yearly commerce between the United States, Mexico, and Canada came with a built-in deadline. That deadline is now. On July 1, 2026, the three governments formally opened the first joint review of the United States-Mexico-Canada Agreement (USMCA), and they have to decide whether to keep it alive for another 16 years.

Updated Jul 1

Money Moves

As of May 2026: Leading Canada's trade diversification strategy

Sixteen months ago, Canada and India had no ambassadors in each other's capitals. Ottawa had accused New Delhi of orchestrating the assassination of a Canadian citizen on Canadian soil, and both countries expelled six of each other's diplomats in a single day. On March 2, 2026, Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi signed five agreements worth $5.5 billion, launched free trade negotiations, and set a target of increasing bilateral trade from $9 billion to $50 billion by 2030.

Updated May 30

Force in Play

As of May 2026: Leading federal response

Canada hadn't experienced a school shooting of this magnitude in 37 years. On February 10, 2026, an 18-year-old former student killed two family members at a home in Tumbler Ridge, British Columbia, then attacked the local secondary school, killing nine including himself and wounding 27.

Updated May 27

Rule Changes

As of May 2026: Delivered keynote declaring end of rules-based order

This year's World Economic Forum (the first in 55 years without founder Klaus Schwab) became an emergency diplomatic summit when Trump's tariff threats over Greenland drew record attendance from 60+ heads of state. By week's end, a NATO 'framework deal' had defused the immediate crisis, and Canadian PM Mark Carney declared to applause from European and middle-power leaders that the U.S.-led rules-based order is over.

Updated May 22

Rule Changes

As of May 2026: Leading trade diversification strategy

Canada followed the U.S. in imposing 100% tariffs on Chinese electric vehicles in October 2024. Seventeen months later, Prime Minister Mark Carney flew to Beijing and cut them to 6.1%—the first explicit break with American trade policy since Trump began his tariff offensive.

Updated May 21