The Missing Energy Chapter in Carney’s Davos Narrative
Mark Carney’s Davos posture this year wasn’t about theatrics or dominance. It was a response to a Canada–U.S. relationship that has grown strained and unpredictable: tariffs biting into steel and aluminum, Greenland and NATO tensions radiating outward, and USMCA reviews hanging over Canada like, "a sword of Damocles."
The old alliance feels less like a stabilizing anchor and more like a variable Canada can no longer assume will tilt in its favor. But the striking thing about Carney’s January 20, 2026 speech is not what he said. It’s what he didn’t say.
