Mark Carney

It's easily done when you have the fourth largest reserves of LNG in the world, and you have demand here for the energy transition. To nuclear, a few days ago I launched with my good friend, Premier Ford. Did I say good friend, Premier Ford? I said the always entertaining, no, the always interesting, the always unpredictable president,

back in on the reliable partner and values, because as I said on the stage, you need a partner who respects the letter of agreements, we are that partner, but also the spirit of agreements and the values underneath those agreements, and we do believe in

We believe in the values of sustainability, inclusivity, solidarity, partnership. But I'm going to quote, and I tested our ambassador to ASEAN earlier, and she's going to sing along, the words from the ASEAN anthem, which I know...

You all know, but just in case, I didn't actually this morning. But two of the key lines that stuck with me is that in ASEAN we dare to dream and we care to share. And so Canada dares to dream big. We have laid out, we're laying out a trillion dollars of investment opportunities over the course of the next decade in the U.S.

And we dare to care. Sustainability, inclusivity and in partnership. The ACNM anthem, everyone after me. Later on, after this reception, there'll be a short karaoke where we'll have a chance to sing it together. But thank you for being here, and we look forward to the partnership and the showing up. Now, this was from the earlier...

many of the operating, I was going to say assumptions, but the operating rules of the system. I mean, the reliance on the global, open global trading system, a reliance and an expectation of further integration, particularly in North America. I mean, that's not going to happen. That doesn't mean there isn't still going to be a fair bit of free trade in North America and crossing investment.

but this sort of relentless process of greater integration has reversed. That's a big change. And when you have a big change like that, and you had your economy oriented towards that, which ours was, some of your strengths become vulnerabilities, and you have to do big things. And so one of the lessons we've talked about this, many in the room have lived it, I've certainly, by luck I would like to say, not because of cause, I didn't cause the crises I've been in,

My experience of being in them is in a crisis you have to be bold. You have to act big. Uncertainty weighs down activity. And unless you're leading from the center, whether you're a central bank with respect to supporting financial institutions or monetary policy, or you're a government in terms of charting a new course, you need to be bold. And that's why we're looking for scale in terms of diversification of our exports.

That's why our budget, which is coming out in two weeks' time, is going to have what we call generational investment in Canada on an order of magnitude that really changes the scale of the economy, the ambition of the economy. Of course it will also, just by its very fact, provide GDP and growth and jobs for Canadians.

As important as that is, more important is going to be a reorientation of the country, and very much an outward-looking orientation that I think is very complementary to ASEAN.

The United States has a new trade policy. It applies to every country, every jurisdiction in the world. We understand that and we respect that. It is a major shift, and the way we're framing it is it's a rupture, not a transition. This is a very big change.

almost overnight, and therefore it's difficult to deal with. It can be difficult to deal with, but everybody's dealing with it. That's the first. The second is, if your economy is highly integrated or certain sectors are highly integrated with the United States,

revealed preference, to use a fancy term, is that you will pay a price to keeping access to that market, either in the form of tariffs, changes to some domestic policies, commitments for investment, different countries have done various versions of that. What you should try to avoid doing, though, is tying your hands about what you can do with other jurisdictions. Because there are a lot more countries

by GDP that are willing and keen to continue to have relatively open trade, certainly to have rules-based trade, to respect rules-based trades, and that is happening in parallel to these sharper changes. So you get a sharp change in the relationship with the US,

As the president has said, and I understand this, I respect it, he said it, me sitting next to him, we are going to charge countries for access to the US. It's like access to a good country club, I think he might have said, or Costco. To put it another way, I think he thinks more on country club than Costco. We understand it, it is the premium market, it's the most dynamic economy. You decide what you're willing to pay,

but at the same time you want to be in other clubs, you want to be at other tables, you want to be building that out. And I said I would make a point about the European Union. I think it's quite relevant for ASEAN, or if I may broaden it a bit more towards CPTPP, some members are part of that. These are two large trading blocks with not identical

but complementary approaches to trade. And there is an opportunity. It's a point I've made. It's a point some others in CPTPP have made. There is a possibility of bringing those closer together, having at a minimum a docking between the two blocks or broader arrangements. And that's how you start to rebuild

Aikaisemmassa globaalisessa sijaintosyhteisössä olet lähestymässä yhden kolmannen globaalisesta sijaintosta, mahdollisesti 40 prosenttia, riippumatta siitä, miten teet sen, vaikka olet pysähtynyt siltä, että voit tehdä sitä. Ja tällä hetkellä useimmat maat ovat tällä hetkellä. Miksi viime aikoina olit todellisesti uskottanut maanmuutosta, jonka olet tuotanut kotiin? Olin yleensä kysynyt kaikkia asioita, kuten säästöä, taistelua ja kestävyyttä, ennen kuin löysin Wild Alaskan yrityksen.

First, just to give a bit of context in terms of our ambitions, and they are large, we laid out last week that we want to increase our non-US exports by 50% within the next decade, shorter time frame than that. It's about $300 billion to give context to that. We would expect that

a substantial proportion of that will come from ASEAN. And it's one of the reasons why we're looking to complete the free trade agreement with ASEAN within the next year, and I met with both obviously, and I want to pay tribute to