January 20, 2026
Davos, Switzerland
Thank you, Larry.
It’s a pleasure – and a duty – to be with you at this turning point for Canada and for the
world.
Today, I’ll talk about the rupture in the world order, the end of a nice story, and the
beginning of a brutal reality where geopolitics among the great powers is not subject to
any constraints.
But I also submit to you that other countries, particularly middle powers like Canada, are
not powerless. They have the capacity to build a new order that