Trump arrives to deal with Davos World Financial Discussion board as U.S. allies push again in opposition to Greenland takeover bid

“We’re within the midst of a rupture, not a transition,” Canadian Prime Minister Mark Carney mentioned in his speech at Davos on Monday. “Nice powers have begun utilizing financial integration as weapons, tariffs as leverage, monetary infrastructure as coercion, provide chains as vulnerabilities to be exploited.”

“You can’t stay inside the lie of mutual profit via integration, when integration turns into the supply of your subordination,” Carney mentioned, making a case for “center powers” like Canada to work collectively to achieve leverage in opposition to “nice powers,” which he mentioned have the luxurious of going it alone.

“After we solely negotiate bilaterally with a hegemon, we negotiate from weak point. We settle for what’s provided. We compete with one another to be essentially the most accommodating,” Carney mentioned. “This isn’t sovereignty. It is the efficiency of sovereignty whereas accepting subordination. In a world of nice energy rivalry, the international locations in between have a selection — compete with one another for favor, or to mix to create a 3rd path with influence.”

World Economic Forum Annual Meeting — Canadian Prime Minister Mark Carney delivers a speech on the World Financial Discussion board Annual Assembly held in Davos, Switzerland, Jan. 20, 2026.

Harun Ozalp/Anadolu/Getty

He referred to as different nations to affix Canada to pursue shared values, supporting Ukraine, NATO, and Danish and Greenlandic sovereignty, and warned them to “cease invoking rules-based worldwide order as if it nonetheless features as marketed. Name it what it’s — a system of intensifying nice energy rivalry, the place essentially the most highly effective pursue their pursuits, utilizing financial integration as coercion.”

“The highly effective have their energy,” Carney mentioned. “However we now have one thing too — the capability to cease pretending, to call actuality, to construct our energy at house and to behave collectively. That’s Canada’s path. We select it overtly and confidently, and it’s a path large open to any nation prepared to take it with us.”