cross-posted from: https://lemmy.ca/post/59320835
Canadian dollar gains 0.5% against the greenback
Touches its strongest since January 2 at 1.3705 Retail sales rise 1.3% in November Bond yields increase across the curve
cross-posted from: https://lemmy.ca/post/59320835
Canadian dollar gains 0.5% against the greenback
Touches its strongest since January 2 at 1.3705 Retail sales rise 1.3% in November Bond yields increase across the curve
Absolutely Trump is the reason other countries don’t trust the American economy anymore, I’m from Denmark and we have already had Pension funds selling off American assets.
The point was that despite USA being the bigger economy, and threatening Canada almost constantly for the entirety of 2025, it’s very well done of the Canadian government and people to withstand that pressure, and not just being able to stabilize the economy against it, but to even grow the economy at a reasonable rate, AND at the same time keeping the Canadian dollar strong.
But yes I think for many Greenland was the last straw for many, he simply went too far when he threatened to invade Greenland claiming nobody can stop him.
The Greenland situation may also have been a factor in why Mark Carney made the speech he did. As USA invading Greenland would obviously destroy NATO, and some claim it’s already destroyed by the mere threat by USA to invade a trustworthy unprovoking long term NATO ally completely without a shadow of a valid reason.
Carney has been writing about this for months, he’s got an article in the economist from November or October on variable geometry which goes over these ideas.
He’s also been constantly travelling for months now building deals.
I think this was just him finally being in a place he could come out and say “don’t fall into the prisoners dilemma, you have power” and he’d have given a similar speech regardless. Greenland definitely made it more prescient.
He seems like a supremely accomplished leader. I personally liked Trudeau, and a lot of the shit he got was blatant propaganda play, but Carney seems like he’s legit made to be a statesman and a leader. Canada has every reason to be proud right now.
I liked Trudeau initially, but every time he announced some first time home buyer idea it was just not economically useful.
i think he’s a decent if kinda spoiled/out of touch guy. I mostly think he was around too long and needed to lean on his experts more, plus communicate better.
We are lucky to have someone at the helm who has a better understanding of trade and economics better than anyone.
Yes in the speech he mention that Canada has made 20 international deals on trade and/or security.
For instance Canada has made both a trade deal with EU, but Canada has also joined the EU SAFE partnership. Which is about development and appropriation of military equipment. Designed to speed up defense independence of USA.
But 20 such agreements in a year is insane, because usually such agreements take many years to negotiate. And although some had been negotiated for years already, it is no coincidence that they all suddenly fall in place within a year of Trump taking the presidency of USA.
I’m getting frustrated at all the pundits saying “now he needs to show he can follow through/get results”
This is results. It’s not usual commentary, and it’s just “I don’t think Joe Schmoe follows the news anyway”.
Absolutely he has already done that. And I just saw a new speech he held for Canadians about the government plans for 1926, and there was a lot of things to help the average Canadians economy. It seems like a very active and qualified government that is actually working for the people.
And the number of trade deals is accelerating.
https://www.ctvnews.ca/politics/article/carney-set-to-spend-much-of-2026-travelling-the-world-in-search-of-trade/