Original subtitles

It seems that every day we're reminded

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

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 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

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

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

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,

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

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.