‘The old order is not coming back,’ Carney says in provocative speech at Davos

Prime Minister Mark Carney delivered a frank assessment of how he views the world in a provocative speech in Davos, Switzerland, on Tuesday, where he said the longstanding U.S.-led, rules-based international order is over and middle powers like Canada must pivot to avoid falling prey to further “coercion” from powerful actors.

Without invoking U.S. President Donald Trump by name, Carney said “great powers” are using economic integration as “weapons.”

“Canadians know that our old, comfortable assumption that our geography and alliance memberships automatically conferred prosperity and security is no longer valid,” Carney said.

LIVE: from the World Economic Forum • EN DIRECT : au Forum économique mondial https://t.co/fcNf3WUYbf

— Mark Carney (@MarkJCarney) January 20, 2026

Or …”Doing business with the ChiComs is far more profitable without that pain in the ass accountability.”