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Business

Canada and France in talks to deepen ties and ‘live our lives as we choose’ while Macron also seeks oil and gas as Iran war disrupts supplies

Fortune ·
Canada and France in talks to deepen ties and ‘live our lives as we choose’ while Macron also seeks oil and gas as Iran war disrupts supplies

Canadian Prime Minister Mark Carney and French President Emmanuel Macron agreed Sunday to deepen cooperation in space, defense, energy and business, expanding strategic ties between the two countries as Canada looks beyond the United States for new economic and security partners.

Carney said the countries will task their space agencies and defense ministries to develop and share infrastructure, including launch systems and ground-based reception facilities.

They also agreed to expand cooperation in energy, telecommunications, climate resilience and economic development.

The meeting comes days after Carney embraced the prospect of Canada becoming the European Union’s first associate member and argued that deeper ties with Europe would make Canada less vulnerable to economic coercion by any single country.

“Canada and Europe will build an alliance for the future that will strengthen our collective resilience so we can live our lives as we choose based on the values that we share,” Carney said Sunday.

U.S.

President Donald Trump’s tariffs , demands for economic concessions and repeated talk of making Canada the 51st U.S. state have pushed the Canadian government to reduce its dependence on its neighbor and pursue deeper economic, security and political relationships with Europe.

Macron welcomed Carney on Sunday at the airport of the French territory off Newfoundland’s coast.

“This is an important moment,” Macron said Saturday upon arrival in Saint-Pierre-et- Miquelon, home to about 5,800 people.

Talks “will allow us … to strengthen our bilateral economic ties and defense relationship,” Macron said.

Macron also said that Sunday’s talks are part of broader efforts to help France secure oil and gas supplies as the Iran war disrupts global energy markets and raises fears of higher prices for fuel and other essentials.

“Canada is a country with significant resources of critical minerals and rare earths.

It is also a major oil and natural gas producer,” Macron said.

“What we want to do is conclude agreements to secure more liquefied natural gas that can be shipped to Europe’s Atlantic coast.” The leaders discussed deepening the Canada-France partnership in strategic sectors, including aerospace, energy, critical minerals and advanced technologies such as quantum computing, satellites and supercomputing, Carney’s office said in a statement.

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