Pāhonoa te oro

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