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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Canadian Prime Minister Mark Carney says ‘new world order will be built starting with Europe’

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June 13, 2026, 5:29 PM ET
France's President Emmanuel Macron (R) and Canada's Prime Minister Mark Carney (L) shake hands during a press conference ahead of a bilateral meeting at the Elysee Presidential Palace, in Paris on June 12, 2026.
France's President Emmanuel Macron (R) and Canada's Prime Minister Mark Carney (L) shake hands during a press conference ahead of a bilateral meeting at the Elysee Presidential Palace, in Paris on June 12, 2026. Emma DA SILVA / POOL / AFP via Getty Images
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Canada’s Prime Minister Mark Carney continued his efforts to pivot away from the United States and align with Europe, meeting with the leader of Ireland on Saturday ahead of the upcoming G7 summit and saying middle power countries shouldn’t compete for favor with America.

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Carney said that Canada and the European Union have a combined population that is more than twice that of the United States, with a similarly sized economy and a collective defense budget that is twice that of China’s.

He said smaller nations can multiply their strength by partnering with like-minded allies.

“In a world of great power rivalry, middle powers have a choice — to compete for favor or to combine to create a third path with impact,” Carney said at Trinity College in Dublin.

He made similar comments at the World Economic Forum in Davos, Switzerland, which became a symbol of middle-power resistance in January, when he declared the global rules-based order over and condemned coercion by great powers on smaller countries.

Carney visited Ireland’s Taoiseach Micheál Martin earlier on Saturday and French President Emmanuel Macron on Friday ahead of the Group of Seven summit of industrialized democracies that begins on Monday in France.

U.S. President Donald Trump leaves for the G7 summit right after he hosts UFC fights at the White House on Sunday for his 80th birthday.

Trump is not currently scheduled to hold bilateral talks with Carney during the summit, according to a senior U.S. administration official.

Carney described Canada and Europe as a ”force for good — because we safeguard the values of human rights, dignity and pluralism that our people hold dear.”

The prime minister said together, the EU and Canada are one of the largest economic, cultural, technological, financial and military blocs in the world.

“The new world order will be built starting with Europe,” Carney said at an earlier joint news conference with Martin. “Canada is the most European of non-European countries. We are transforming our cooperation with Europe.”

In February, Canada became the first non-European member of the SAFE mechanism, the European Union’s defense procurement initiative. Carney, on this ninth trip to Europe since becoming prime minister 15 months ago, noted Canada 56 partnerships in the critical minerals sector across more than 10 countries, primarily in Europe.

Trade tensions continue to simmer between Canada and the U.S. There is a scheduled July 1 review of the U.S.-Mexico-Canada Agreement (USMCA) the latest iteration of the North American free-trade pact that has intertwined the economies of the three countries since the early 1990s. Trump said this week that he may not renew the deal.

Carney said Canadian Trade Minister Dominic LeBlanc will meet with U.S. Trade Representative Jamieson Greer at the summit.

The prime minister said he doesn’t believe the U.S. is interested in big changes to free-trade agreement with Canada and Mexico.

“The U.S. has been clear. They don’t want to change the fundamental architecture,” Carney said.

Carney emphasized that the Trump administration has allowed about 85% of Canadian trade to the U.S. to be tariff free because it is covered under USMCA.

Carney said that to fundamentally change the agreement the White House would have to go to Congress, adding that the White House doesn’t want to do that.

The U.S. official, who briefed reporters on the condition of anonymity on ground rules set by the White House, said the U.S. has had outreach from Canada to set up further discussions on trade with the U.S. administration.

The Trump administration views a recent move by the Canadian government to roll back a regulatory decision that required foreign streaming platforms to allocate a portion of their Canadian revenues to fund local news and programming as positive decisions, the official added.

But, the official added, “no major breakthroughs” with Canada are expected during the summit.

Trump said again this week that the U.S. doesn’t need anything that Canada has. Carney has set a goal for Canada to double its non-U.S. exports in the next decade, saying Trump’s trade war is causing a chill in investment.

“Prime Minister Carney has spoken with great clarity and conviction about Canada’s desire to deepen its engagement with Europe. Ireland warmly and unreservedly welcomes that ambition, and we will do what we can to strengthen relations between the European Union and Canada during our forthcoming presidency,” Martin said.

Ireland will be holding the rotating presidency of the Council of the European Union starting in July.

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