Mark Carney has long maintained that “a plan beats no plan” and in his speech to the Council of Foreign Relations in New York on Monday, he outlined his strategy for middle power survival in the new era of great power rivalry.

He said Canada has what the world wants — clean energy like LNG; five of the top 10 critical minerals; 40 per cent of the world’s listed mining companies; some of the best AI, computing and quantum talent found globally; capital, in the form of sophisticated pension funds; and a federal government with the fiscal capacity to act.

He conceded that much of the brain power drains south to the U.S., as does much of the capital (only a quarter of the total assets of Canada’s Maple Eight pension funds is invested at home).

But he said Canada still offers people and busi

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