TORONTO — Canada plans to exploit its mining capacity and abundance of critical minerals to strengthen the country’s position in the new “shattered” rules-based global order, a key minister in Prime Minister Mark Carney’s Cabinet said.
“The illusion of a stable, rules-based global order is not fading — it has been shattered,” Energy and Natural Resources Minister Tim Hodgson said Monday in a speech to a major international mining conference, announcing CA$12 billion in investments in 30 domestic and international critical minerals projects, including a modest investment in Greenland.
Hodgson referenced Carney’s recent Davos speech, in which the prime minister declared a “rupture” in the global order and rallied middle powers to unite against great powers that seek to exert economic control over them.
The speeches by Carney and now Hodgson, a former energy executive, articulate Canada’s response to President Donald Trump’s economic threats at a time when Ottawa is reviewing the United States-Mexico-Canada Agreement.
