Carney returns to Ottawa after fruitful summit with G7 leaders in Alberta
Prime Minister Mark Carney is heading home to Ottawa today after hosting the G7 summit in Kananaskis, Alta.
He had been meeting with world leaders since Sunday to discuss topics such as US tariffs, human trafficking and artificial intelligence.
Carney also had his first meeting as prime minister with numerous leaders, including German Chancellor Friedrich Merz and Indian Prime Minister Narendra Modi.
Modi's presence at the summit drew protests from Sikh groups, who said it's not appropriate to seek closer ties when the RCMP has accused Indian diplomats of extortion, coercion and homicide.
Carney says the G7 summit helped broker a looming trade deal with the US, co-launch a stockpile for critical minerals and boost co-ordination in fighting wildfires.
He will be returning to Ottawa amid pushback to his government's legislation aimed at speeding up federal project approvals, with the Liberals limiting debate amid criticism the bill would let the government bypass existing laws.
This report by The Canadian Press was first published June 18, 2025.
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Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Macklem, speaking to a business crowd in St. John's, N.L., on Wednesday, said it was 'very welcome news' that Prime Minister Mark Carney and U.S. President Donald Trump agreed at the G7 Summit earlier this week to nail down a new trade and security deal within 30 days. He said in prepared remarks that progress toward a new trade deal is 'encouraging,' but later said in a moderated question-and-answer period that Canada's economy faces bigger problems in an increasingly 'fragmented world.' Trade patterns were already shifting before Trump was re-elected late last year, Macklem noted, and other global conflicts are also forcing businesses to reorient supply chains. 'I really hope we get a deal, I really hope it's a good deal, but that's not going to solve all our problems,' he said. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Disruptions during COVID-19 showed Canadian firms the consequences of not having diverse supply chains, Macklem said. And he said the current trade dispute is demonstrating how vulnerable businesses can be without diverse export markets. 'Growing new markets for our exports builds scale and competitiveness. But there's an added imperative — diversification adds resilience,' he said in his speech. Macklem used Newfoundland and Labrador as a case study for his point, noting that only a third of the province's goods exports head to the United States compared with roughly three-quarters for the rest of Canada. Most of the province's oil is now shipped to Europe and other countries, for instance, and services exports are boosting the St. John's tech sector, he noted. This advertisement has not loaded yet, but your article continues below. Macklem said the rest of Canada has an opportunity, particularly among services exports, to expand trade beyond the United States. Efforts to build national infrastructure and tear down interprovincial trade barriers would also make diversifying goods exports easier, he said. The United States will always be Canada's biggest trading partner, Macklem said, but he believes the recent tariff dispute has awoken businesses and policymakers to long-standing vulnerabilities in the economy by being so focused on cross-border trade. 'This is something we've been talking about for a long time in this country,' he said during the Q&A. 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