Canada rejects US fiscal union, accepts economic pain

Prime Minister Mark Carney rejected binding Canada to US fiscal policy on 2026-08-24, choosing temporary economic instability over loss of fiscal autonomy. Trump had threatened 50% tariffs on Canadian goods to force the union.

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"For Canada, the choice came down to either severe but temporary economic instability or binding itself to a pseudo-democratic fiscal basketcase of a nation, whose only apparent foreign policy objecti

mastodon:fosstodonother36d ago kagi ↗

"For Canada, the choice came down to either severe but temporary economic instability or binding itself to a pseudo-democratic fiscal basketcase of a nation, whose only apparent foreign policy objective has become domination for the gratification of its president’s slapdash vanity." https://www. nytimes.com/2026/08/24/opinion /mark-carney-tariffs-canada-america.html?unlocked_article_code=1.71A.zrS

Opinion | Canada Said No to America. It Will Reverberate Far Beyond Its Borders.

stream:bsky-jetstreamother36d ago wire ×7 kagi ↗

For Canada, the choice came down to either accepting severe but temporary economic instability or binding itself to a pseudodemocratic fiscal basket case of a nation whose only apparent foreign policy objective has become domination . . . /2 #trade #cdnpoli www.nytimes.com/2026/08/24/o... Mark Carney has chosen suffering, but he did what Canadians elected him to do.