The Globe and Mail reports in its Saturday edition that corporate leaders and chief executive officers are backing Prime Minister Mark Carney's assertion that Canada needs to reposition itself as the world order ruptures. A four-bylined item led by James Bradshaw says that C-suites across Canada were buzzing about Mr. Carney's headline-making moment on the world stage in Davos, Switzerland, on Tuesday, where he called on middle powers to band together against economic bullying, "coercion" and "subordination" by major powers. CEOs called his speech on Tuesday a galvanizing moment for Canada. They heard an appeal to be deliberate about where they deploy capital, by backing Canadian projects and diversifying their relationships and investments not only with existing allies, but also less obvious partners in the Middle East and China.
"The Prime Minister made a courageous speech," said John McKenzie, CEO at TMX Group, in an interview. "There are going to be repercussions for being courageous."
Already, U.S. President Donald Trump has made veiled threats against Canada amid upcoming trade talks, saying: "Canada lives because of the United States. Remember that, Mark, the next time you make your statements."
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