Mark Carney

Canadian Prime Minister Mark Carney says sanctions against Russia have come at a cost to the United States. After the freezing of Russia's central bank reserves, he argues, countries worldwide began moving away from the American currency faster, having seen that their reserves could similarly be frozen. His comments highlight the debate over the dollar's global dominance and the consequences of using financial sanctions.

Former Bank of Canada and Bank of England governor Mark Carney told the New York Times that the world's heavy reliance on the U.S. dollar is unsustainable, arguing that the international financial system is at risk. Carney, now Canada's prime minister, has long advocated alternatives including multipolar currency arrangements and has criticized U.S. trade and monetary policy under President Trump for accelerating calls to reduce dollar dependence.

Jenny Kwan, the NDP's Immigration and Citizenship Critic, rejected Donald Trump's claim that Canada is destroying itself through immigration. While pushing back on his comments, she also criticised Prime Minister Mark Carney's recent moves toward more restrictive immigration policy, suggesting his government was wrongly blaming immigration for broader problems.

The New York Times has published the full transcript of its interview with Canadian Prime Minister Mark Carney, released on September 27, 2026. The transcript gives readers unedited access to Carney's answers on questions facing his government, and the interview itself is drawing attention among readers following Canadian politics and the prime minister's policy positions.

Canadian Prime Minister Mark Carney is pursuing new trade partners to reduce Canada's reliance on the United States, while acknowledging the constraints of geography and existing trade relationships. The effort reflects Ottawa's push to diversify exports amid tensions with Washington, though observers note that few alternatives can fully replace the US market.