Carney says G-20 summit proves world can function without U.S. involvement

Source Cryptopolitan

Canada’s Prime Minister Mark Carney on Saturday stood at the G-20 summit in Johannesburg and said what many global leaders have only whispered.

“The world can make progress without the United States,” Carney declared, adding that the weekend’s consensus among G-20 leaders still held power even though Donald Trump’s administration refused to take part.

South Africa, this year’s G-20 host, went ahead and issued an official declaration. That defiance came after Trump ordered U.S. officials to boycott the summit because of his claim that white farmers in South Africa are victims of a “genocide,” a story that’s been publicly disproven.

The White House responded by saying the event could only end with a chairman’s summary, since the U.S. was not present. South Africa ignored that and published a full statement anyway.

“The summit brought together nations representing three-quarters of the world’s population, two-thirds of global GDP, and three-quarters of the world’s trade,” Carney said. “And that’s without the United States formally attending.”

Carney builds new ties as Trump stews

Carney, who became Prime Minister earlier this year, won on a campaign that fought back against Trump’s tariffs and mocked U.S. chatter about possibly absorbing Canada.

Since then, he’s made it clear he doesn’t want Canada leaning so heavily on the U.S. economy.

At the press conference, Carney explained how he’s been lining up new trade partners. From India to China to South Africa, the plan is simple: go global without Washington.

He also mentioned his recent visit to Abu Dhabi, where the UAE’s President Sheikh Mohamed bin Zayed promised to invest $70 billion in Canada, the largest foreign investment pledge Canada has ever landed. Carney didn’t give further details, but called it a turning point.

“We’re signing new deals and finding new investors to fuel our plans for Canada’s economic ambition,” Carney said. “We’ll expand trade and catalyze investment in increased partnerships across a range of areas from AI to energy in the Indo-Pacific and Europe.”

Later that day, Carney said he would sit down with India’s Prime Minister Narendra Modi to try and repair diplomatic ties.

Relations between Canada and India have been tense since 2023, when Ottawa accused Indian agents of being involved in the murder of a Canadian citizen with Indian roots. India rejected the accusation.

Carney made it crystal clear he’s not letting Trump steer his policy. When asked if he planned to talk to the former U.S. president, he shrugged it off.

“I’ll speak to him again when it matters,” he said. “I don’t have a burning issue to speak with the president about right now. When America wants to come back and have the discussions on the trade side, we will have those discussions.”

Carney knows exactly what he’s doing. He’s building Canada’s future with or without American input.

If you're reading this, you’re already ahead. Stay there with our newsletter.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: XAU/USD declines below $4,050 on USD strength and hawkish Fed comments Gold price (XAU/USD) extends the decline to around $4,030 during the early Asian session on Tuesday. The precious metal edges lower as traders dialed back expectations of a US interest rate cut next month.
Author  FXStreet
Nov 18, Tue
Gold price (XAU/USD) extends the decline to around $4,030 during the early Asian session on Tuesday. The precious metal edges lower as traders dialed back expectations of a US interest rate cut next month.
placeholder
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP Look for a Foothold After a Sharp ShakeoutBitcoin trades near $92,600 after a dip below $90,000, while Ethereum around $3,118 and XRP near $2.21–$2.23 sit on key support zones, as BTC, ETH and XRP all try to turn a sharp correction into a tradable rebound rather than a deeper slide.
Author  Mitrade
Nov 19, Wed
Bitcoin trades near $92,600 after a dip below $90,000, while Ethereum around $3,118 and XRP near $2.21–$2.23 sit on key support zones, as BTC, ETH and XRP all try to turn a sharp correction into a tradable rebound rather than a deeper slide.
placeholder
Could XRP Really Catch Ethereum? Analysts Revisit the Question as ETF Tailwinds BuildAs US spot XRP ETFs roll out and issuers like Canary Capital and Franklin Templeton step in, analysts say XRP’s market cap could climb on growing utility and ETF accumulation—but overtaking Ethereum’s $373 billion smart-contract powerhouse remains a long-shot, at least for now.
Author  Mitrade
Nov 20, Thu
As US spot XRP ETFs roll out and issuers like Canary Capital and Franklin Templeton step in, analysts say XRP’s market cap could climb on growing utility and ETF accumulation—but overtaking Ethereum’s $373 billion smart-contract powerhouse remains a long-shot, at least for now.
placeholder
Bitcoin's Drop to $86K Approaches 'Max Pain' Zone, Yet Presents Potential Buying OpportunityAnalysts identify the $84,000 to $73,000 range as Bitcoin's likely "max pain" territory where capitulation may occur.
Author  Mitrade
Nov 21, Fri
Analysts identify the $84,000 to $73,000 range as Bitcoin's likely "max pain" territory where capitulation may occur.
placeholder
Market Meltdown: BTC, ETH, and XRP Capitulate as Bears Seize ControlBitcoin trades around $85,900 after breaking below $86,000, with Ethereum under $2,791 and XRP below $1.99 as BTC, ETH and XRP extend weekly losses of 8–10%, forcing traders to focus on supports at $85,000, $2,749 and $1.77 for clues on whether this sell-off has further to run.
Author  Mitrade
Nov 21, Fri
Bitcoin trades around $85,900 after breaking below $86,000, with Ethereum under $2,791 and XRP below $1.99 as BTC, ETH and XRP extend weekly losses of 8–10%, forcing traders to focus on supports at $85,000, $2,749 and $1.77 for clues on whether this sell-off has further to run.
goTop
quote