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UK should ‘team up’ with Canada in new Europe alliance, Canadian minister says

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Champagne wears a suit and tie while he stands on a lawn in front of the Toronto city skyline of high-rise buildings.

The UK should “team up” with a proposed economic alliance between Canada and Europe, Canadian Finance Minister François-Philippe Champagne has said.

“This is all about the substance, to build an alliance of the future,” he told the BBC. “The world has changed. America has changed. So we need to change.”

Champagne also gave a frank assessment of the Canada-US trade war after a deal collapsed last month, saying the country had “stood up for our industries, our workers, our country” by imposing tariffs.

His comments come after European Commission President Ursula von der Leyen proposed “opening the door” to an associate EU membership for Canada, an unprecedented move for the bloc.

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Canadian Prime Minister Mark Carney’s visit to address the European Union in Strasbourg, shortly after von der Leyen’s proposal was made, was “to build the alliance of the future”, Champagne said.

Carney, the former Governor of the Bank of England, has previously talked about an alliance of “middle powers” working together on economic growth, resilience and security.

Speaking to the BBC, Champagne said the UK and Canada had shared values.

“We need to look at partnership in a different way, and the great thing is that when you look at Canada, and I would say the United Kingdom, we share the same values. We are very aligned in our vision of the world. Why don’t we team up?” he said.

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“We are independent and sovereign, but we are stronger together.”

After his return to the White House last year, US President Donald Trump imposed sweeping global tariffs, including on long-standing trade allies such as the UK.

While the UK renegotiated a trade deal with the US in June last year, the new Canada-EU alliance does raise questions for the UK’s post Brexit positioning with Europe, as well as its position with the US, after some changes of presidential rhetoric over the Falklands and Irish unity in recent weeks.

Carney met Prime Minister Andy Burnham in Liverpool in the middle of his trip to Brussels and Strasbourg last week, while Champagne attended a meeting of EU finance ministers in Dublin on Friday, alongside the Chancellor John Healey.

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Yes. Corporate subscriptions are available for teams and organisations, with discounted rates as user numbers increase. Pricing starts from $1,625 + GST per user.
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Business News subscriptions are used by executives, investors, consultants and professionals who need to stay informed and make better decisions about the WA market. When you subscribe you’ll get

  • Unlimited access to WA’s most trusted business journalism
  • Data & Insights — detailed profiles of WA companies, people, projects and deals
  • MyBN — a personalised feed based on the companies, people and sectors you follow
  • Special publications and industry reports
  • Daily and weekly email newsletters

Data & Insights is a research tool built specifically for the WA market. It draws on more than 30 years of Business News reporting, updated regularly to reflect what’s happening now. Use it to:

  • Look up detailed profiles of WA companies, including financials, directors and ownership
  • Find decision-makers and track their career movements
  • Research live and completed projects across WA industries
  • Monitor deals, appointments and market activity
  • Access industry rankings and league tables

Data & Insights is updated daily by our dedicated research team, which uses the latest announcements, ASX filings and editorial coverage to keep our person, company, list and project records up to date.

Business News welcome all opportunities to make our dataset accurate, complete and current, so if you have an update request, please email the team at
general@businessnews.com.au, and we’d be happy to assist.

Advertisement

MyBN
is part of every subscription. It’s your personalised view of Business News. You can follow the companies, people, sectors and projects that matter to you, and get a news feed and alerts tailored to your interests. You can save articles to read later and retain only what you need.

Only subscribers have full access to all content on the Business News website.

Advertisement

If staying informed about the WA economy is part of your job, and/or you’re looking for networking opportunities in WA, Business News is built for you.

Business News subscribers are:

  • Executives and directors tracking competitors, clients and market movements
  • Investors and advisers researching companies, deals and industry trends
  • Consultants and professionals staying across sectors relevant to their clients
  • Business owners looking for leads, context and market intelligence

Most Business News publications cover national or global markets. Business News is focused entirely on Western Australia, which means the journalism, the data and the intelligence are all built around WA companies, people and projects — not adapted from a national feed. Data & Insights, included with every subscription, combines more than 30 years of WA-specific editorial research with live business data. There’s no comparable product for the WA market.

Advertisement

The Morning Digest Email provides a comprehensive wrap of the major headlines, relevant to WA business, and includes with a snapshot of the overnight news covering oil, gold and ASX-listed companies.

The Afternoon Wrap Email focuses on the news covered by our team of journalists during the course of the working day, including exclusive stories and analysis, all of which relates to WA business and the local economy.

The BN Weekender Email contains a wrap of the Business News from the week that was, highlighting the top stories in each area of WA business.
Sign up for free.

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