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Home – Canada News – Victor Davis Hanson: Mark Carney Is Leading Canada ‘Right Over the Cliff’

Victor Davis Hanson: Mark Carney Is Leading Canada ‘Right Over the Cliff’

Editor’s note: This is a lightly edited transcript of today’s video from Daily Signal senior contributor Victor Davis Hanson. Subscribe to our YouTube channel to see more of his videos.

Hello, this is Victor Davis Hanson for the Daily Signal. 

I know we’ve talked a lot about the current Canadian-American trade dispute, but it involves larger issues of globalism versus nationalism versus North American relations versus the United States paradigm versus the EU paradigm, etc., etc. 

And what’s happened is I would call it [Canadian Prime Minister] Mark Carney’s fantasy house, Mark Carney’s dream house, Mark Carney’s imaginarium. He has no … It doesn’t seem like he has any connection with reality. His economy has lost 41,000 jobs. It depends on exporting to the United States 72% to 76% of all of its products. 

That is going to be very difficult. It is now difficult. It’s going to be almost impossible if he continues. He has to keep his oil wells going, and given the fact that other provinces have not been ready and willing to make pipelines to the rich tar sands of Alberta, he depends on a 4 million-barrel export a day to the United States. 

Some of it is thick tar sands, some of it has been diluted and is marketable elsewhere, but it’s a very good deal for Canada. When you talk about cutting that off, you’re talking about cutting your nose to spite your face. This would be the most self-destructive thing. The fact that Canada even mentions it shows that they’re entering a period of delusional thinking. 

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This new relationship with China, they’re bringing in 48,000 low-tariff, I think it’s only 6%, EVs. They’re going to ruin what little they had left of the Canadian auto industry. But more importantly, that trade agreement is ushering in a whole set of new agreements, some of them military. 

Does Canada know, does Mark Carney know, that if Canada negotiates a special military relationship with China........

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