EXCLUSIVE: Carney plans to visit Turkey this month, sources say
- Canadian PM Mark Carney plans first-ever bilateral visit to Turkey to court Erdogan.
- Goal is to slash dependence on US markets after trade talks collapsed in August.
- Human rights concerns sidelined as Canada hunts for new defense and energy partners.
- Trade between the two nations remains a rounding error at less than 0.3% of Canada's volume.
Brief Summary
In a frantic attempt to diversify away from the American economy, Canadian Prime Minister Mark Carney is heading to Ankara to cozy up to President Tayyip Erdogan. The trip, aimed at fast-tracking a free-trade deal, signals a dramatic shift in Canadian foreign policy that prioritizes economic survival over traditional diplomatic norms or human rights advocacy.
Why This Matters
This pivot suggests a cooling of relations between the US and its northern neighbor that could manifest as higher costs or supply chain headaches for you. If Canada successfully deepens its defense and energy ties with powers like Turkey to replace American trade, it weakens the economic leverage the US holds over North American markets. Keep an eye on your grocery and energy bills; as Canada chases new trade partners to replace US volume, the ripple effects of shifting import-export dynamics often land directly on your wallet.