September 24, 2026

Mark Carney Prepares for Possible U.S. Invasion Amid Trade Tensions

Mark Carney acknowledged the 'extreme tail risk' of a U.S. invasion of Canada, emphasizing that preparedness is essential in his role.
He noted that the rising trade tensions under President Trump's administration prompted this consideration, particularly after Trump referred to Canada as the 51st state.
Carney highlighted Canada's over-reliance on the U.S. economically and outlined a plan for diversification to mitigate risks.

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