Carney says Canada ‘faced down threats like this before’ amid U.S. trade war - BERITAJA

Prime Minister Mark Carney said Sunday that Canada must activity to correct “weaknesses” formed from its adjacent ties pinch the U.S. but besides stressed Canadians person “faced down threats for illustration this before.”

“Many of our erstwhile strengths based connected our adjacent ties to America person go our weaknesses,” he said successful a video posted to his charismatic YouTube channel. “Weaknesses that we must correct.”

In outlining a scheme for the Liberal government, the premier curate reiterated erstwhile comments that the world is “more vulnerable and divided,” but went connected to opportunity Canada is moving to “build much for ourselves.”

This includes attracting caller investment, building partnerships pinch different countries to create caller markets, and “taking backmost control” of security, borders and the country’s future.

Carney’s comments travel only a fewer days aft he announced Toronto would big a world investor acme successful September arsenic Ottawa intends to pull $1 trillion successful overseas investment

Carney noted respective Canadian industries, including automotive, alloy and lumber, are nether threat from U.S. tariffs and pointed to the “Canada Strong” scheme arsenic a response.

That plan, he said, includes $1 trillion successful finance to create “one Canadian system retired of 13,” and building caller waste and acquisition and power corridors. Clean power was besides a attraction successful his comments, pinch Carney saying he wants to double the size of Canada’s capacity.

“Yes, that’s ambitious,” he said. “But successful a crisis, luck favours the bold.”

He went connected to opportunity Canada is spending what its friends expect connected issues specified arsenic defence, and the state will proceed to activity to alteration its system to beryllium “stronger astatine location and little reliant astatine home.”

Carney touted “buying Canadian,” saying Canadians person responded to the “crisis” pinch the U.S. by spending their money astatine location and investing successful the country.

“The biggest payoffs will return time, truthful we cognize that Canadians request a boost coming and a span to tomorrow,” he said.

Carney concluded by promising Canadians he would supply regular updates successful the weeks and months ahead, cautioning he would “never sugarcoat” the issues facing the country.

“The truth is, there’s a batch going connected successful the world, and not each of it is good, and the stakes could not beryllium higher,” Carney said. “The measurement we’re going to get done this is together.”

—with files from BERITAJA’ Uday Rana