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The Journal.

Canada’s New Leader Is Ready To Take on Trump

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.25.3K Ratings

🗓️ 29 April 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary

Mark Carney, a former banker, won Canada’s national election on Monday. Carney ran on an anti-Trump platform, and he's promised to try to decouple his country’s economy from its biggest trading partner and, lately, its biggest threat. WSJ’s Vipal Monga explains how Trump’s trade war and threats to annex Canada have upended the election. Annie Minoff hosts.  Further Listening: - Why Justin Trudeau Stepped Down  - Guns and Death Threats in Canada's Baby-Eel Fisheries  Sign up for WSJ’s free What’s News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey, it's Jess. Annie Minoff, one of our senior producers, is going to be stepping in to do some hosting this summer while Ryan is out on leave.

0:08.6

Enjoy.

0:12.2

I have a question.

0:15.4

Who's ready?

0:17.1

Who's ready?

0:18.2

Last night, Mark Carney celebrated his victory in Canada's election at a hockey arena in Ottawa.

0:23.6

Who's ready to stand up for Canada with me?

0:28.6

Carney, who had already been leading the Liberal Party, will continue to serve as Prime Minister.

0:36.6

But a surprising portion of his acceptance speech wasn't focused on Canada.

0:42.0

America wants our land, our resources, our water, our country.

0:52.6

And what was Carney's speech like?

0:55.1

It was measured.

0:57.8

Our colleague Vapal Manga was there.

1:01.0

And a lot of it was focused at the U.S.

1:04.7

In some ways, firing warning shots at Trump,

1:10.1

letting him know that Canada realizes that his threats to annex Canada,

1:12.7

his tariff war are a betrayal.

1:19.1

We are over the shock of the American betrayal, but we should never forget the lessons.

1:26.1

What could this moment and Carney's election mean for U.S. Canada relations? I think Carney represents sort of a turning of the page for Canada-U.S. relations longer term.

1:34.8

What this means is breaking in many ways of one of the strongest global partnerships in the world.

1:45.7

Welcome to The Journal, our show about money, business, and power.

1:50.1

I'm Annie Minoff. It's Tuesday, April 29th.

...

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