All language subtitles for [MWqDVe11iB8].en

It seems that every day we're reminded

It seems that every day we're reminded
that we live in an era of great power

that we live in an era of great power

that we live in an era of great power
rivalry. That the rules-based order is

rivalry. That the rules-based order is

rivalry. That the rules-based order is
fading. That the strong can do what they

fading. That the strong can do what they

fading. That the strong can do what they
can and the weak must suffer what they

can and the weak must suffer what they

can and the weak must suffer what they
must. And this apherism of Thusidities

must. And this apherism of Thusidities

must. And this apherism of Thusidities
is presented as inevitable as the

is presented as inevitable as the

is presented as inevitable as the
natural logic of international relations

natural logic of international relations

natural logic of international relations
reasserting itself.

reasserting itself.

reasserting itself.
And faced with this logic,

And faced with this logic,

And faced with this logic,
there is a strong tendency for countries

there is a strong tendency for countries

there is a strong tendency for countries
to go along to get along, to

to go along to get along, to

to go along to get along, to
accommodate,

accommodate,

accommodate,
to avoid trouble, to hope that

to avoid trouble, to hope that

to avoid trouble, to hope that
compliance will buy safety.

compliance will buy safety.

compliance will buy safety.
Well, it won't.

Well, it won't.

Well, it won't.
So what are our options?

So what are our options?

So what are our options?
In 1978, the Czech dissident Vaslav

In 1978, the Czech dissident Vaslav

In 1978, the Czech dissident Vaslav
Havl, later president,

Havl, later president,

Havl, later president,
wrote an essay called the power of the

wrote an essay called the power of the

wrote an essay called the power of the
powerless. And in it, he asked a simple

powerless. And in it, he asked a simple

powerless. And in it, he asked a simple
question. How did the communist system

question. How did the communist system

question. How did the communist system
sustain itself?

sustain itself?

sustain itself?
And his answer began with a green

And his answer began with a green

And his answer began with a green
grosser. Every morning, this shopkeeper

grosser. Every morning, this shopkeeper

grosser. Every morning, this shopkeeper
places a sign in his window. Workers of

places a sign in his window. Workers of

places a sign in his window. Workers of
the world unite.

the world unite.

the world unite.
He doesn't believe it. No one does. But

He doesn't believe it. No one does. But

He doesn't believe it. No one does. But
he places the sign anyway to avoid

he places the sign anyway to avoid

he places the sign anyway to avoid
trouble, to signal compliance, to get

trouble, to signal compliance, to get

trouble, to signal compliance, to get
along. And because every shopkeeper on

along. And because every shopkeeper on

along. And because every shopkeeper on
every street does the same, the system

every street does the same, the system

every street does the same, the system
persists.

persists.

persists.
Not through violence alone, but through

Not through violence alone, but through

Not through violence alone, but through
the participation of ordinary people in

the participation of ordinary people in

the participation of ordinary people in
rituals they privately know to be false.

rituals they privately know to be false.

rituals they privately know to be false.
Havl called this living within a lie.

Havl called this living within a lie.

Havl called this living within a lie.
The system's power comes not from its

The system's power comes not from its

The system's power comes not from its
truth, but from everyone's willingness

truth, but from everyone's willingness

truth, but from everyone's willingness
to perform as if it were true.

to perform as if it were true.

to perform as if it were true.
And its fragility comes from the same

And its fragility comes from the same

And its fragility comes from the same
source. When even one person stops

source. When even one person stops

source. When even one person stops
performing, when the green grosser

performing, when the green grosser

performing, when the green grosser
removes his sign, the illusion begins to

removes his sign, the illusion begins to

removes his sign, the illusion begins to
crack.

crack.

crack.
Friends, it is time for companies and

Friends, it is time for companies and

Friends, it is time for companies and
countries to take their signs down.

countries to take their signs down.

countries to take their signs down.
For decades,

for decades, countries like Canada

for decades, countries like Canada
prospered under what we called the

prospered under what we called the

prospered under what we called the
rules-based international order. We

rules-based international order. We

rules-based international order. We
joined its institutions. We praised its

joined its institutions. We praised its

joined its institutions. We praised its
principles. We benefited from its

principles. We benefited from its

principles. We benefited from its
predictability.

predictability.

predictability.
And because of that, we could pursue

And because of that, we could pursue

And because of that, we could pursue
values-based foreign policies under its

values-based foreign policies under its

values-based foreign policies under its
protection.

protection.

protection.
We knew the story of the international

We knew the story of the international

We knew the story of the international
rulesbased order was partially false.

rulesbased order was partially false.

rulesbased order was partially false.
That the strongest would exempt

That the strongest would exempt

That the strongest would exempt
themselves when convenient. That trade

themselves when convenient. That trade

themselves when convenient. That trade
rules were enforced s asymmetrically.

rules were enforced s asymmetrically.

rules were enforced s asymmetrically.
And we knew that international law

And we knew that international law

And we knew that international law
applied with varying rigor depending on

applied with varying rigor depending on

applied with varying rigor depending on
the identity of the accused or the

the identity of the accused or the

the identity of the accused or the
victim.

victim.

victim.
This fiction was useful and American

This fiction was useful and American

This fiction was useful and American
hegemony in particular helped provide

hegemony in particular helped provide

hegemony in particular helped provide
public goods, open sea lanes, a stable

public goods, open sea lanes, a stable

public goods, open sea lanes, a stable
financial system, collective security

financial system, collective security

financial system, collective security
and support for frameworks for resolving

and support for frameworks for resolving

and support for frameworks for resolving
disputes.

disputes.

disputes.
So we placed the sign in the window. We

So we placed the sign in the window. We

So we placed the sign in the window. We
participated in the rituals and we

participated in the rituals and we

participated in the rituals and we
largely avoided calling out the gaps

largely avoided calling out the gaps

largely avoided calling out the gaps
between rhetoric and reality.

between rhetoric and reality.

between rhetoric and reality.
This bargain no longer works. Let me be

This bargain no longer works. Let me be

This bargain no longer works. Let me be
direct. We are in the midst of a

direct. We are in the midst of a

direct. We are in the midst of a
rupture, not a transition.

rupture, not a transition.

rupture, not a transition.
Over the past two decades, a series of

Over the past two decades, a series of

Over the past two decades, a series of
crises in finance, health, energy, and

crises in finance, health, energy, and

crises in finance, health, energy, and
geopolitics have laid bare the risks of

geopolitics have laid bare the risks of

geopolitics have laid bare the risks of
extreme global integration. But more

extreme global integration. But more

extreme global integration. But more
recently, great powers have begun using

recently, great powers have begun using

recently, great powers have begun using
economic integration as weapons. Tariffs

economic integration as weapons. Tariffs

economic integration as weapons. Tariffs
as leverage, financial infrastructure as

as leverage, financial infrastructure as

as leverage, financial infrastructure as
coercion, supply chains as

coercion, supply chains as

coercion, supply chains as
vulnerabilities to be exploited.

vulnerabilities to be exploited.

vulnerabilities to be exploited.
You cannot live within the lie of mutual

You cannot live within the lie of mutual

You cannot live within the lie of mutual
benefit through integration. When

benefit through integration. When

benefit through integration. When
integration becomes the source of your

integration becomes the source of your

integration becomes the source of your
subordination,

the multilateral institutions on which

the multilateral institutions on which
the middle powers have relied, the WTO,

the middle powers have relied, the WTO,

the middle powers have relied, the WTO,
the UN, the COP, the architecture, the

the UN, the COP, the architecture, the

the UN, the COP, the architecture, the
very architecture of collective problem

very architecture of collective problem

very architecture of collective problem
solving are under threat.

solving are under threat.

solving are under threat.
And as a result, many countries are

And as a result, many countries are

And as a result, many countries are
drawing the same conclusions that they

drawing the same conclusions that they

drawing the same conclusions that they
must develop greater strategic autonomy

must develop greater strategic autonomy

must develop greater strategic autonomy
in energy, food, critical minerals, in

in energy, food, critical minerals, in

in energy, food, critical minerals, in
finance and supply chains. And this

finance and supply chains. And this

finance and supply chains. And this
impulse is understandable. A country

impulse is understandable. A country

impulse is understandable. A country
that can't feed itself, fuel itself, or

that can't feed itself, fuel itself, or

that can't feed itself, fuel itself, or
defend itself has few options. When the

defend itself has few options. When the

defend itself has few options. When the
rules no longer protect you, you must

rules no longer protect you, you must

rules no longer protect you, you must
protect yourself.

protect yourself.

protect yourself.
But let's be cleareyed about where this

But let's be cleareyed about where this

But let's be cleareyed about where this
leads.

leads.

leads.
A world of fortresses will be poorer,

A world of fortresses will be poorer,

A world of fortresses will be poorer,
more fragile, and less sustainable.

more fragile, and less sustainable.

more fragile, and less sustainable.
And there's another truth. If great

And there's another truth. If great

And there's another truth. If great
powers abandon even the pretense of

powers abandon even the pretense of

powers abandon even the pretense of
rules and values for the unhindered

rules and values for the unhindered

rules and values for the unhindered
pursuit of their power and interests,

pursuit of their power and interests,

pursuit of their power and interests,
the gains from transactionalism

the gains from transactionalism

the gains from transactionalism
will become harder to replicate.

will become harder to replicate.

will become harder to replicate.
Hegeimons cannot continually monetize

Hegeimons cannot continually monetize

Hegeimons cannot continually monetize
their relationships.

their relationships.

their relationships.
Allies will diversify to hedge against

Allies will diversify to hedge against

Allies will diversify to hedge against
uncertainty.

uncertainty.

uncertainty.
They'll buy insurance, increase options

They'll buy insurance, increase options

They'll buy insurance, increase options
in order to rebuild sovereignty.

in order to rebuild sovereignty.

in order to rebuild sovereignty.
Sovereignty that was once grounded in

Sovereignty that was once grounded in

Sovereignty that was once grounded in
rules, but will increasingly be anchored

rules, but will increasingly be anchored

rules, but will increasingly be anchored
in the ability to withstand pressure.

in the ability to withstand pressure.

in the ability to withstand pressure.
This room knows this is classic risk

This room knows this is classic risk

This room knows this is classic risk
management. Risk management comes at a

management. Risk management comes at a

management. Risk management comes at a
price.

price.

price.
But that cost of strategic autonomy of

But that cost of strategic autonomy of

But that cost of strategic autonomy of
sovereignty can also be shared.

sovereignty can also be shared.

sovereignty can also be shared.
Collective investments in resilience are

Collective investments in resilience are

Collective investments in resilience are
cheaper than everyone building their own

cheaper than everyone building their own

cheaper than everyone building their own
fortresses.

fortresses.

fortresses.
Shared standards reduce fragmentations.

Shared standards reduce fragmentations.

Shared standards reduce fragmentations.
Complimentarities are positive sum. And

Complimentarities are positive sum. And

Complimentarities are positive sum. And
the question for middle powers like

the question for middle powers like

the question for middle powers like
Canada is not whether to adapt to the

Canada is not whether to adapt to the

Canada is not whether to adapt to the
new reality. We must. The question is

new reality. We must. The question is

new reality. We must. The question is
whether we adapt by simply building

whether we adapt by simply building

whether we adapt by simply building
higher walls or whether we can do

higher walls or whether we can do

higher walls or whether we can do
something more ambitious.

Now, Canada was amongst the first to

Now, Canada was amongst the first to
hear the wakeup call leading us to

hear the wakeup call leading us to

hear the wakeup call leading us to
fundamentally shift our strategic

fundamentally shift our strategic

fundamentally shift our strategic
posture.

posture.

posture.
Canadians know that our old comfortable

Canadians know that our old comfortable

Canadians know that our old comfortable
assumptions that our geography and

assumptions that our geography and

assumptions that our geography and
alliance memberships automatically

alliance memberships automatically

alliance memberships automatically
conferred prosperity and security,

conferred prosperity and security,

conferred prosperity and security,
that assumption is no longer valid.

that assumption is no longer valid.

that assumption is no longer valid.
And our new approach rests on what

And our new approach rests on what

And our new approach rests on what
Alexander Stub, the president of

Alexander Stub, the president of

Alexander Stub, the president of
Finland, has termed valuebased realism.

Finland, has termed valuebased realism.

Finland, has termed valuebased realism.
Or to put another way, we aim to be both

Or to put another way, we aim to be both

Or to put another way, we aim to be both
principled and pragmatic.

principled and pragmatic.

principled and pragmatic.
Principled and our commitment to

Principled and our commitment to

Principled and our commitment to
fundamental values, sovereignty,

fundamental values, sovereignty,

fundamental values, sovereignty,
territorial integrity, the prohibition

territorial integrity, the prohibition

territorial integrity, the prohibition
of the use of force except when

of the use of force except when

of the use of force except when
consistent with the UN charter, and

consistent with the UN charter, and

consistent with the UN charter, and
respect for human rights. and pragmatic

respect for human rights. and pragmatic

respect for human rights. and pragmatic
in recognizing that progress is often

in recognizing that progress is often

in recognizing that progress is often
incremental, that interests diverge,

incremental, that interests diverge,

incremental, that interests diverge,
that not every partner will share all of

that not every partner will share all of

that not every partner will share all of
our values. So, we're engaging broadly,

our values. So, we're engaging broadly,

our values. So, we're engaging broadly,
strategically with open eyes. We

strategically with open eyes. We

strategically with open eyes. We
actively take on the world as it is, not

actively take on the world as it is, not

actively take on the world as it is, not
wait around for a world we wish to be.

wait around for a world we wish to be.

wait around for a world we wish to be.
We are calibrating our relationships so

We are calibrating our relationships so

We are calibrating our relationships so
their depth reflects our values. And

their depth reflects our values. And

their depth reflects our values. And
we're prioritizing broad engagement to

we're prioritizing broad engagement to

we're prioritizing broad engagement to
maximize our influence given and given

maximize our influence given and given

maximize our influence given and given
the fluidity of the world at the moment,

the fluidity of the world at the moment,

the fluidity of the world at the moment,
the risks that this poses and the stakes

the risks that this poses and the stakes

the risks that this poses and the stakes
for what comes next.

for what comes next.

for what comes next.
And we are no longer just relying on the

And we are no longer just relying on the

And we are no longer just relying on the
strength of our values, but also the

strength of our values, but also the

strength of our values, but also the
value of our strength.

value of our strength.

value of our strength.
We are building that strength at home.

We are building that strength at home.

We are building that strength at home.
Since my government took office, we have

Since my government took office, we have

Since my government took office, we have
cut taxes on incomes, on capital gains

cut taxes on incomes, on capital gains

cut taxes on incomes, on capital gains
and business investment. We have removed

and business investment. We have removed

and business investment. We have removed
all federal barriers to interprovincial

all federal barriers to interprovincial

all federal barriers to interprovincial
trade. We are fast-tracking a trillion

trade. We are fast-tracking a trillion

trade. We are fast-tracking a trillion
dollars of investments in energy, AI,

dollars of investments in energy, AI,

dollars of investments in energy, AI,
critical minerals, new trade corridors,

critical minerals, new trade corridors,

critical minerals, new trade corridors,
and beyond. We're doubling our defense

and beyond. We're doubling our defense

and beyond. We're doubling our defense
spending by the end of this decade, and

spending by the end of this decade, and

spending by the end of this decade, and
we're doing so in ways that build our

we're doing so in ways that build our

we're doing so in ways that build our
domestic industries.

domestic industries.

domestic industries.
And we are rapidly diversifying abroad.

And we are rapidly diversifying abroad.

And we are rapidly diversifying abroad.
We've agreed a comprehensive strategic

We've agreed a comprehensive strategic

We've agreed a comprehensive strategic
partnership with the EU, including

partnership with the EU, including

partnership with the EU, including
joining SAFE, the European defense

joining SAFE, the European defense

joining SAFE, the European defense
procurement arrangements. We have signed

procurement arrangements. We have signed

procurement arrangements. We have signed
12 other trade and security deals on

12 other trade and security deals on

12 other trade and security deals on
four continents in six months. In the

four continents in six months. In the

four continents in six months. In the
past few days, we've concluded new

past few days, we've concluded new

past few days, we've concluded new
strategic partnerships with China and

strategic partnerships with China and

strategic partnerships with China and
Qatar. We're negotiating free trade

Qatar. We're negotiating free trade

Qatar. We're negotiating free trade
packs with India, Assan, Thailand,

packs with India, Assan, Thailand,

packs with India, Assan, Thailand,
Philippines, and Mercur.

Philippines, and Mercur.

Philippines, and Mercur.
We're doing something else to help solve

We're doing something else to help solve

We're doing something else to help solve
global problems. We're pursuing variable

global problems. We're pursuing variable

global problems. We're pursuing variable
geometry. In other words, different

geometry. In other words, different

geometry. In other words, different
coalitions for different issues based on

coalitions for different issues based on

coalitions for different issues based on
common values and interests. So on

common values and interests. So on

common values and interests. So on
Ukraine, we're a core member of the

Ukraine, we're a core member of the

Ukraine, we're a core member of the
coalition of the willing and one of the

coalition of the willing and one of the

coalition of the willing and one of the
largest per capita contributors to its

largest per capita contributors to its

largest per capita contributors to its
defense and security.

defense and security.

defense and security.
on Arctic sovereignty. We stand firmly

on Arctic sovereignty. We stand firmly

on Arctic sovereignty. We stand firmly
with Greenland and Denmark and fully

with Greenland and Denmark and fully

with Greenland and Denmark and fully
support their unique right to determine

support their unique right to determine

support their unique right to determine
Greenland's future.

Our commitment to NATO's Article 5 is

Our commitment to NATO's Article 5 is
unwavering.

unwavering.

unwavering.
So, we're working with our NATO allies,

So, we're working with our NATO allies,

So, we're working with our NATO allies,
including the Nordic Baltic Gate, to

including the Nordic Baltic Gate, to

including the Nordic Baltic Gate, to
further secure the alliance's northern

further secure the alliance's northern

further secure the alliance's northern
and western flanks, including through

and western flanks, including through

and western flanks, including through
Canada's unprecedented investments in

Canada's unprecedented investments in

Canada's unprecedented investments in
over the horizon radar, in submarines,

over the horizon radar, in submarines,

over the horizon radar, in submarines,
in aircraft, and boots on the ground,

in aircraft, and boots on the ground,

in aircraft, and boots on the ground,
boots on the ice.

boots on the ice.

boots on the ice.
Canada strongly opposes tariffs over

Canada strongly opposes tariffs over

Canada strongly opposes tariffs over
Greenland and calls for focused talks to

Greenland and calls for focused talks to

Greenland and calls for focused talks to
achieve our shared objectives of

achieve our shared objectives of

achieve our shared objectives of
security and prosperity in the Arctic.

security and prosperity in the Arctic.

security and prosperity in the Arctic.
On plurilateral trade, we're championing

On plurilateral trade, we're championing

On plurilateral trade, we're championing
efforts to build a bridge between the

efforts to build a bridge between the

efforts to build a bridge between the
Trans-Pacific Partnership in the

Trans-Pacific Partnership in the

Trans-Pacific Partnership in the
European Union, which would create a new

European Union, which would create a new

European Union, which would create a new
trading block of 1.5 billion people. On

trading block of 1.5 billion people. On

trading block of 1.5 billion people. On
critical minerals, we're forming buyers

critical minerals, we're forming buyers

critical minerals, we're forming buyers
clubs anchored in the G7 so that the

clubs anchored in the G7 so that the

clubs anchored in the G7 so that the
world can diversify away from

world can diversify away from

world can diversify away from
concentrated supply. And on AI, we're

concentrated supply. And on AI, we're

concentrated supply. And on AI, we're
cooperating with like-minded democracies

cooperating with like-minded democracies

cooperating with like-minded democracies
to ensure that we won't ultimately be

to ensure that we won't ultimately be

to ensure that we won't ultimately be
forced to choose between hgeimons and

forced to choose between hgeimons and

forced to choose between hgeimons and
hyperscalers.

hyperscalers.

hyperscalers.
This is not naive multilateralism,

This is not naive multilateralism,

This is not naive multilateralism,
nor is it relying on

nor is it relying on

nor is it relying on
their institutions. It's building

their institutions. It's building

their institutions. It's building
coalitions that work issues by issue

coalitions that work issues by issue

coalitions that work issues by issue
with partners who share enough common

with partners who share enough common

with partners who share enough common
ground to act together.

ground to act together.

ground to act together.
In some cases, this will be the vast

In some cases, this will be the vast

In some cases, this will be the vast
majority of nations. What it's doing is

majority of nations. What it's doing is

majority of nations. What it's doing is
creating a dense web of connections

creating a dense web of connections

creating a dense web of connections
across trade, investment, culture on

across trade, investment, culture on

across trade, investment, culture on
which we can draw for future challenges

which we can draw for future challenges

which we can draw for future challenges
and opportunities.

argue that middle powers must act

argue that middle powers must act
together because if we're not at the

together because if we're not at the

together because if we're not at the
table, we're on the menu.

But I'd also say that great powers,

But I'd also say that great powers,
great powers can afford for now to go it

great powers can afford for now to go it

great powers can afford for now to go it
alone. They have the market size, the

alone. They have the market size, the

alone. They have the market size, the
military capacity, and the leverage to

military capacity, and the leverage to

military capacity, and the leverage to
dictate terms. Middle powers do not. But

dictate terms. Middle powers do not. But

dictate terms. Middle powers do not. But
when we only negotiate bilaterally with

when we only negotiate bilaterally with

when we only negotiate bilaterally with
a hedgeimon, we negotiate from weakness.

a hedgeimon, we negotiate from weakness.

a hedgeimon, we negotiate from weakness.
We accept what's offered. We compete

We accept what's offered. We compete

We accept what's offered. We compete
with each other to be the most

with each other to be the most

with each other to be the most
accommodating.

accommodating.

accommodating.
This is not sovereignty. It's the

This is not sovereignty. It's the

This is not sovereignty. It's the
performance of sovereignty while

performance of sovereignty while

performance of sovereignty while
accepting subordination.

accepting subordination.

accepting subordination.
In a world of great power rivalry, the

In a world of great power rivalry, the

In a world of great power rivalry, the
countries in between have a choice.

countries in between have a choice.

countries in between have a choice.
Compete with each other for favor or to

Compete with each other for favor or to

Compete with each other for favor or to
combine to create a third path with

combine to create a third path with

combine to create a third path with
impact.

impact.

impact.
We shouldn't allow the rise of hard

We shouldn't allow the rise of hard

We shouldn't allow the rise of hard
power to blind us to the fact that the

power to blind us to the fact that the

power to blind us to the fact that the
power of legitimacy, integrity, and

power of legitimacy, integrity, and

power of legitimacy, integrity, and
rules will remain strong if we choose to

rules will remain strong if we choose to

rules will remain strong if we choose to
wield them together,

wield them together,

wield them together,
which brings me back to Havl.

which brings me back to Havl.

which brings me back to Havl.
What does it mean for middle powers to

What does it mean for middle powers to

What does it mean for middle powers to
live the truth? Well, first, it means

live the truth? Well, first, it means

live the truth? Well, first, it means
naming reality. Stop invoking

naming reality. Stop invoking

naming reality. Stop invoking
rules-based international order as

rules-based international order as

rules-based international order as
though it still functions as advertised.

though it still functions as advertised.

though it still functions as advertised.
Call it what it is, a system of

Call it what it is, a system of

Call it what it is, a system of
intensifying great power rivalry where

intensifying great power rivalry where

intensifying great power rivalry where
the most powerful pursue their interests

the most powerful pursue their interests

the most powerful pursue their interests
using economic integration as coercion.

using economic integration as coercion.

using economic integration as coercion.
It means acting consistently applying

It means acting consistently applying

It means acting consistently applying
the same standards to allies and rivals.

the same standards to allies and rivals.

the same standards to allies and rivals.
When middle powers criticize economic

When middle powers criticize economic

When middle powers criticize economic
intimidation from one direction but stay

intimidation from one direction but stay

intimidation from one direction but stay
silent when it comes from another, we

silent when it comes from another, we

silent when it comes from another, we
are keeping the sign in the window.

are keeping the sign in the window.

are keeping the sign in the window.
It means building what we claim to

It means building what we claim to

It means building what we claim to
believe in

believe in

believe in
rather than waiting for the old order to

rather than waiting for the old order to

rather than waiting for the old order to
be restored. It means creating

be restored. It means creating

be restored. It means creating
institutions and agreements that

institutions and agreements that

institutions and agreements that
function as described.

function as described.

function as described.
And it means reducing the leverage that

And it means reducing the leverage that

And it means reducing the leverage that
enables coercion. That's building a

enables coercion. That's building a

enables coercion. That's building a
strong domestic economy. should be every

strong domestic economy. should be every

strong domestic economy. should be every
government's immediate priority.

government's immediate priority.

government's immediate priority.
And diversification internationally is

And diversification internationally is

And diversification internationally is
not just economic prudence. It's a

not just economic prudence. It's a

not just economic prudence. It's a
material foundation for honest foreign

material foundation for honest foreign

material foundation for honest foreign
policy because countries earn the right

policy because countries earn the right

policy because countries earn the right
to principled stands by reducing their

to principled stands by reducing their

to principled stands by reducing their
vulnerability to retaliation.

vulnerability to retaliation.

vulnerability to retaliation.
So Canada

has what the world wants. We are an

has what the world wants. We are an
energy superpower. We hold vast reserves

energy superpower. We hold vast reserves

energy superpower. We hold vast reserves
of critical minerals. We have the most

of critical minerals. We have the most

of critical minerals. We have the most
educated population in the world. Our

educated population in the world. Our

educated population in the world. Our
pension funds are amongst the world's

pension funds are amongst the world's

pension funds are amongst the world's
largest and most sophisticated

largest and most sophisticated

largest and most sophisticated
investors. In other words, we have

investors. In other words, we have

investors. In other words, we have
capital, talent. We also have a

capital, talent. We also have a

capital, talent. We also have a
government with immense fiscal capacity

government with immense fiscal capacity

government with immense fiscal capacity
to act decisively.

to act decisively.

to act decisively.
And we have the values to which many

And we have the values to which many

And we have the values to which many
others aspire.

others aspire.

others aspire.
Canada is a pluralistic society that

Canada is a pluralistic society that

Canada is a pluralistic society that
works. Our public square is loud,

works. Our public square is loud,

works. Our public square is loud,
diverse, and free. Canadians remain

diverse, and free. Canadians remain

diverse, and free. Canadians remain
committed to sustainability.

committed to sustainability.

committed to sustainability.
We are a stable and reliable partner in

We are a stable and reliable partner in

We are a stable and reliable partner in
a world that is anything but. A partner

a world that is anything but. A partner

a world that is anything but. A partner
that builds and values relationships for

that builds and values relationships for

that builds and values relationships for
the long term.

the long term.

the long term.
And we have something else. We have a

And we have something else. We have a

And we have something else. We have a
recognition of what's happening and a

recognition of what's happening and a

recognition of what's happening and a
determination to act accordingly. We

determination to act accordingly. We

determination to act accordingly. We
understand that this rupture calls for

understand that this rupture calls for

understand that this rupture calls for
more than adaptation. It calls for

more than adaptation. It calls for

more than adaptation. It calls for
honesty about the world as it is. We are

honesty about the world as it is. We are

honesty about the world as it is. We are
taking the sign out of the window. We

taking the sign out of the window. We

taking the sign out of the window. We
know the old order is not coming back.

know the old order is not coming back.

know the old order is not coming back.
We shouldn't mourn it. Nostalgia is not

We shouldn't mourn it. Nostalgia is not

We shouldn't mourn it. Nostalgia is not
a strategy.

a strategy.

a strategy.
But we believe that from the fracture,

But we believe that from the fracture,

But we believe that from the fracture,
we can build something bigger, better,

we can build something bigger, better,

we can build something bigger, better,
stronger, more just. This is the task of

stronger, more just. This is the task of

stronger, more just. This is the task of
the middle powers, the countries that

the middle powers, the countries that

the middle powers, the countries that
have the most to lose from a world of

have the most to lose from a world of

have the most to lose from a world of
fortresses and a most to gain from

fortresses and a most to gain from

fortresses and a most to gain from
genuine cooperation.

genuine cooperation.

genuine cooperation.
The powerful have their power,

The powerful have their power,

The powerful have their power,
but we have something too. The capacity

but we have something too. The capacity

but we have something too. The capacity
to stop pretending, to name reality, to

to stop pretending, to name reality, to

to stop pretending, to name reality, to
build our strength at home, and to act

build our strength at home, and to act

build our strength at home, and to act
together. That is Canada's path. We

together. That is Canada's path. We

together. That is Canada's path. We
choose it openly and confidently, and it

choose it openly and confidently, and it

choose it openly and confidently, and it
is a path wide open to any country

is a path wide open to any country

is a path wide open to any country
willing to take it with us. Thank you

willing to take it with us. Thank you

willing to take it with us. Thank you
very much.