In a recent video address, Canadian Prime Minister Mark Carney highlighted that the country’s longstanding strengths, rooted in close ties with the United States, have morphed into vulnerabilities due to the US's changing trade policies, including increased tariffs reminiscent of the Great Depression. Carney emphasized the necessity for Canada to adapt by forming new international partnerships, particularly through a comprehensive economic partnership agreement (CEPA) with India, following his meeting with Indian Prime Minister Narendra Modi in March. The negotiations for this trade deal are expected to conclude by the end of the year, with further discussions anticipated during the upcoming visit of India's Commerce and Industry Minister Piyush Goyal to Canada. Carney cautioned against the belief that relations with the US would return to normal, insisting that Canada must not rely on nostalgia or hope as a strategy for future trade. His remarks come on the heels of the Liberal Party securing a majority in the House of Commons after recent by-elections, marking a pivotal moment for the government as it navigates these complex trade dynamics.