Mark Carney won’t rule out Canada’s help in Iran

Mark Carney’s trip to Australia was the 16^th trip of his tenure as Canadian Prime Minister. It was Carney’s first trip to Australia, and after his predecessor Justin Trudeau failed to visit the country in eight years, it’s another signal that Mark Carney is looking towards what he calls ‘middle powers’ for support.

Instead of dealing with the US, Carney has looked for options elsewhere. Carney has already made deals with China and India, and has now elevated Canada’s partnership with Australia. There are also rumours of Canada and New Zealand forming new partnerships.

Carney and the Australian PM released a joint statement confirming their dedication to furthering cooperation between the two countries. The statement acknowledged that both countries were experiencing similar economic challenges, and while the statement didn’t mention US tariffs, it’s certain that those are the economic challenges being referenced.

The statement included security agreements, with the two countries reportedly ready to dedicate resources to secure the Indo-Pacific region. The two leaders will also be establishing weekly, formal talks between the Australian Treasurer and the Canadian Minister for Finance and National Revenue, supported by senior officials. The meetings will be held to create more two-way trading between the countries, as well as to promote travel routes.

After US tariffs shook the agriculture industry in December, Australia and Canada also announced new agreements related to feeds and fertilizers, two Canadian industries that have struggled under Donald Trump’s tariffs.

The two nations will also be reassessing the Canada-Australia Tax Agreement, in hopes of creating more favourable conditions for both parties. The changes to the agreement would also create more joint investments and ‘nation-building projects’ between the two countries.

The agreement also touched on the risks of AI, claiming that Canada and Australia will be working together to protect communities from the risks of artificial intelligence.

The joint statement had a section dedicated to critical minerals. With both Australia and Canada being rich in rare-earth metals and other minerals, the countries are positioned to take advantage of their mutual strength.

Australia’s Critical Minerals Strategic Reserve and Canada’s Critical Minerals Sovereign Fund will be working together to create more opportunities for the protection of mineral industries. The two nations recently announced the Canada-Australia Mining Skills Exchange Pilot, made to address labour shortages and skilled-labour training across both countries.

Mark Carney was asked about his prior comments related to Iran. Before Donald Trump ordered attacks on Iran on February 28, Mark Carney claimed that Canada was unwilling to get involved in the United States’ and Israel’s dealings in the Middle East.

When asked on March 4, Carney gave a calculated answer. He acknowledged that with the situation in the Middle East having drastically changed, he would be unable to guarantee anything, as Canada isn’t in control.

He stated that Canada would always be willing and focused on helping its allies, but that trust goes both ways. Carney stressed that Donald Trump attacked Iran without informing any of its allies, including Canada. With the US operating outside of traditional ally agreements, Carney is refusing to reveal Canada’s hand.

This stop in Australia is part of a ten-day trip focused on strengthening bonds and creating more opportunities for trade.

Carney’s trips began in India, where he signed a new agreement with Indian Prime Minister Narendra Modi for uranium.

Canadian company Cameco will supply nearly 22 million pounds of uranium to India for nuclear energy generation. The agreement will begin in 2027 and will expire in 2035.

Next, Carney will travel to Japan, where he will meet with Japanese Prime Minister Takaichi Sanae to strengthen mutual investment and partnerships in clean energy, advanced manufacturing, critical minerals, and food security.