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

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“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 not dwell throughout the lie of mutual profit by means of 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 towards “nice powers,” which he mentioned have the luxurious of going it alone.

“Once we solely negotiate bilaterally with a hegemon, we negotiate from weak spot. 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 alternative — compete with one another for favor, or to mix to create a 3rd path with impression.”

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 hitch 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 now we have one thing too — the capability to cease pretending, to call actuality, to construct our power at residence and to behave collectively. That’s Canada’s path. We select it overtly and confidently, and it’s a path broad open to any nation keen to take it with us.”

His remarks drew a standing ovation.

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