An uncomfortable truth: Canada’s misalignment with U.S. priorities will cost our economy

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An uncomfortable truth: Canada’s misalignment with U.S. priorities will cost our economy
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Alignment with the United States will have an impact on Canada’s own policies – from trade and fiscal strategies to the very organization of our economy

for the Democratic National Convention, I was reminded once again of the importance and difficulty of managing Canada ’s relationship with the United States .

Yet, we must understand why this resonates with U.S. voters. The United States bears the burden of leadership in global security; their sons and daughters go to war, and their military presence is critical to any semblance of order on the planet. Canada must ensure its approach keeps pace with this new reality. We cannot afford to remain anchored in approaches that no longer resonate in Washington. This shift demands some tough choices.

As Finance Minister, I saw firsthand how challenging it was to meet our stated goals while increasing defence expenditures. But the world of 2024 looks fundamentally different from 2015, when I was appointed to the post. The cost of committing to 2 per cent sooner is hard, and procurement realities are challenging. However, when the world changes, we need to change with it.

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