Canada’s Carney puts economic sovereignty at heart of strategic alliances

Mark Carney says Canada does not pursue relationships based on short-term interests or zero-sum deals.
The Canadian Prime Minister links sovereignty to secure access to strategic technologies and resources.
Artificial intelligence, semiconductors, critical minerals and clean energy feature among the sectors identified as essential.

Ghiles Guezout FXStreet

Canadian Prime Minister Mark Carney stressed on Thursday that Canada intends to remain a reliable international partner while strengthening its economic and technological sovereignty.

Key takeaways

We are not fair-weather allies, we do not pursue zero-sum deals.
Sovereignty requires secure access to AI, semiconductors, critical minerals, payment systems, clean energy, vaccines, space communications.

Market reaction

The Canadian Dollar (CAD) shows little reaction to Carney’s remarks. USD/CAD remains in consolidation below the 1.4000 psychological level at the time of writing on Thursday, trading broadly unchanged on the day.

Canadian Dollar Price Today

The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the strongest against the Swiss Franc.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.11%	-0.12%	-0.42%	0.04%	-0.33%	-0.42%	-0.04%
EUR	0.11%		-0.01%	-0.30%	0.15%	-0.24%	-0.28%	0.09%
GBP	0.12%	0.00%		-0.29%	0.17%	-0.22%	-0.27%	0.12%
JPY	0.42%	0.30%	0.29%		0.41%	0.09%	-0.03%	0.36%
CAD	-0.04%	-0.15%	-0.17%	-0.41%		-0.35%	-0.43%	-0.03%
AUD	0.33%	0.24%	0.22%	-0.09%	0.35%		-0.06%	0.29%
NZD	0.42%	0.28%	0.27%	0.03%	0.43%	0.06%		0.42%
CHF	0.04%	-0.09%	-0.12%	-0.36%	0.03%	-0.29%	-0.42%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Canadian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote).

Author

Ghiles Guezout

FXStreet

Ghiles Guezout is a Market Analyst with a strong background in stock market investments, trading, and cryptocurrencies. He combines fundamental and technical analysis skills to identify market opportunities.

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