Carney Pushes Energy, Defense Deals in Europe in Pivot From US

In a move to diversify Canada's trade and investment relationships, Prime Minister Mark Carney is embarking on a European tour to strengthen defense and energy partnerships. The focus of his visits to Poland, Germany, and Latvia is to expand Canada's nuclear and critical minerals sectors, which are seen as crucial for the global energy transition. Carney aims to establish new defense and industrial collaborations, leveraging Canada's expertise in these areas. The visit comes as Canada seeks to pivot away from its traditional reliance on the United States and explore opportunities in the European market. The prime minister's agenda includes discussions on nuclear power, rare earth elements, and other critical minerals, which are in high demand globally. By forging these partnerships, Canada hopes to solidify its position as a reliable supplier of essential resources and technologies required for the shift towards renewable energy and advanced manufacturing. The tour represents Canada's strategic effort to diversify its economic ties and strengthen its presence in the European market, a move that could have significant implications for the country's long-term economic and geopolitical positioning.