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Davos replaced Ottawa as the focal point of Canada’s trade and political narrative last week, as Prime Minister Carney used the global stage to articulate a clearer vision for Canada’s economic positioning. His remarks, and the deal-making that preceded them in China, drew a swift reaction from Washington, underscoring how closely Canada’s diversification efforts are now being watched. For Canadian officials, the week highlighted both the opportunity and the limits of signalling independence in a North American trade environment that remains highly sensitive.

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