Researched and written by ChatGPT
Mark Carney talks frequently about Canadian sovereignty, Canadian economic independence and reducing Canada's dependence on the United States.
Here are the actions.
His former company moved its asset-management head office from Toronto to New York while he was still chairman. Brookfield Asset Management announced the relocation in 2024. A December 2024 corporate circular signed by Carney as board chair listed BAM's head office at 250 Vesey Street in New York. Carney left Brookfield in January 2025. (Bloomberg) (Reuters)
Brookfield said the move would improve its access to U.S. capital markets and U.S. stock indexes. The company noted that the largest shares of its revenue, assets under management, employees and institutional investors were already in the United States.
Carney's disclosed investment account was overwhelmingly invested in U.S. companies by company count. The ethics disclosure contained 567 companies in a professionally managed investment account. An independent count found 515 American companies — about 90.8% — and four Canadian companies, about 0.71%. The disclosure does not reveal dollar amounts, so this is a count of holdings, not 90.8% of the portfolio's dollar value. Carney also did not personally choose the individual securities in this third-party-managed account. (Office of the Conflict of Interest and Ethics Commissioner)
Carney's wife works for a U.S. consulting firm. Diana Fox Carney is a senior adviser to Eurasia Group, a political-risk consultancy headquartered in New York.
That U.S. company has also received Canadian federal government contracts. Eurasia Group has provided geopolitical research and consulting services to the Government of Canada, including Natural Resources Canada.
Carney removed Canadian tariffs from $44.2 billion worth of U.S. imports. The retaliatory tariffs were removed September 1, 2025.
American tariffs on major Canadian sectors remained when Canada removed those counter-tariffs. U.S. measures affecting Canadian steel, aluminum and automobiles were not simultaneously eliminated.
Carney cancelled Canada's Digital Services Tax after pressure from Washington. His government explicitly said the decision was made to advance trade negotiations with the United States.
The cancellation primarily benefited large multinational digital companies, including major U.S. technology companies.
The tax wasn't simply stopped going forward. It was repealed retroactively. Companies that had already paid it became eligible for refunds, with interest.
Ottawa had expected billions of dollars from that tax. Federal estimates projected approximately $2.3 billion in its first fiscal year and roughly $900 million annually thereafter.
Carney continued Canada's purchase of American-made F-35 fighter jets. Canada remains committed to purchasing at least the first 16 Lockheed Martin F-35s.
The first Canadian F-35s are being delivered to Arizona rather than Canada. They will initially operate from Luke Air Force Base for Canadian pilot training.
Carney accelerated Canada's NATO defence-spending timetable by seven years. Canada had planned to reach the alliance's 2%-of-GDP benchmark by 2032. Carney moved it to 2025–26.
That fulfilled a longstanding U.S. demand that Canada substantially increase military spending.
Carney's government allowed qualifying U.S.-assembled vehicles into Canada without Canada's retaliatory auto tariff.
His government also granted tariff relief to U.S. goods used by Canadian manufacturers, including automotive and aerospace producers.
Carney's automotive strategy continues to call for a deeply integrated North American auto industry rather than separation from the United States.
None of these facts proves that every Carney policy benefits the United States. Some of his government's policies clearly conflict with Washington, particularly as the Canada-U.S. trade dispute intensified in 2026.
But when assessing political rhetoric, words are only one part of the record.
The other part is where the jobs went.
Where the headquarters went.
Where the investments went.
Which taxes disappeared.
Which tariffs disappeared.
Which companies received the business.
Which weapons Canada continued buying.
Actions are considerably easier to measure than speeches.
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