Mark Carney Creates New Office to Cut Canada's Economic Dependence on U.S.

Prime Minister Mark Carney has created a new government office designed to fast-track project approvals and attract international investors to Canada. The initiative comes as Canada tries to reduce its heavy economic dependence on the United States.

Carney announced six major infrastructure projects as part of his plan to diversify Canada's economy. The prime minister has set a goal to double Canada's non-U.S. trade relationships, according to policy analysts.

The push comes after President Trump launched trade wars that hurt Canada's economy. Canada currently sends roughly three-quarters of its exports to the U.S., making it extremely vulnerable to American trade policies.

Carney's strategy includes maintaining retaliatory tariffs against U.S. goods while simultaneously courting investors from other countries. The new approval office is meant to cut through government red tape that often slows down international business deals.

Some economists say Canada first needs to fix problems in its own systems before it can successfully compete for global investment dollars.