Mark Carney, the new Prime Minister of Canada, has expressed his intention to rebuild relationships with India. Carney, a former Governor of the Bank of England and Bank of Canada, succeeds Justin Trudeau. He emphasises the need to diversify Canada's trading relationships, particularly with like-minded countries. Carney's stance comes amidst strained India-Canada ties and concerns about Canada's relationship with the United States.
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00:00Canada gets a new Prime Minister and he wants to mend ties with India
00:04That's the latest statement that has come in from new Canadian Prime Minister Mark Carney
00:09And he has said will rebuild relationship with India
00:13remember understanding currently the situation in
00:17And with the country between India and Canada which clearly remember suffered
00:23Extremely during Trudeau India ties. Let's listen in now to what PM Carney has to say about commercial ties
00:35And there's with like-minded countries and there are
00:42Opportunities to rebuild the relationships with India
00:47There needs to be a shared sense of values around that commercial relationship and if I am Prime Minister
00:53I look forward to the opportunity to build that. Thank you
00:57Team to do I
00:59Is to diversify our trading relationships?
01:02and
01:04there's with like-minded countries and there are
01:10Opportunities to rebuild the relationships with India
01:14There needs to be a shared sense of values around that commercial relationship and if I am Prime Minister
01:20I look forward to the opportunity to build that. Thank you
01:25Team to do
01:27Remember after
01:29Trudeau was forced to resign it also had triggered a certain leadership race
01:33Mark Carney is now the new Prime Minister of Canada and an important statement
01:38Joining me now Shashank Mattu from India today global Shashank
01:42Tell me first about this change in leadership that has come into Canada and very interesting
01:48He understands the countries. He needs to mend ties with
01:53Absolutely, but Mark Carney is an economist. He's very respected
01:56He served as governor of the Bank of England as well as governor of the Bank of Canada
02:01He was for a long time being considered to be Canada's finance minister
02:05But you know
02:05He played his card close to his chest and came in to the leadership race to become Prime Minister to succeed Justin Trudeau
02:11Which he's now successfully done and he comes in at a time where there is significant concern about Canada's relationship with the United States
02:18You can see that in his victory speech
02:19He was very very clear about pushing back on Donald Trump because not only is that the right thing to do from the perspective of
02:25Many Canadians but also electorally very useful for the Liberal Party
02:28It was considered to be down and out the ruling party of Canada
02:31But now in the run-up to the general election
02:34it's polling numbers have improved spectacularly because they are seen to be standing up to Donald Trump and
02:39Mark Carney is now saying that look if we're going to go up against America
02:42We need to have the support and a stronger trading relationship with countries around the world including India
02:48If we don't have these relationships in line that we cannot hope to go up against the Americans that have a good economic alternative
02:53As well, he made very clear that we cannot trust the Americans anymore
02:56And therefore we need to look at relationships around the world including with India
03:00Which is why he said before he was elected as the next prime minister that he would repair and rebuild the relationship with India