Canada needs to seek new partners to reduce reliance on US trade: Canadian PM

Canadian Prime Minister Mark Carney stated on Saturday that the country must actively pursue new trade relationships outside the United States, acknowledging that its heavy dependence on its southern neighbor has become a strategic vulnerability.

Speaking at the Global Progress Action Summit in Toronto, Carney noted that while Canada has long profited from close economic ties with the U.S., recent sweeping shifts in American policy have turned many of Canada's traditional advantages into vulnerabilities.

Currently, Canada needs to seek new trade partners outside the U.S. to break its dependence on the U.S.-Canada trade relationship and increase its trade resilience, Carney noted.

Canada needs to seek new partners to reduce reliance on US trade: Canadian PM

International oil prices rose sharply during Asian trading hours on Monday as escalating tensions in the Middle East fueled market concerns over potential supply disruptions.

As of 03:30 GMT, light crude oil futures for June delivery on the New York Mercantile Exchange stood at 99.91 U.S. dollars per barrel, up 4.71 percent.

Brent crude futures for July delivery on the London-based ICE Futures Exchange rose 4.23 percent to 105.57 U.S. dollars per barrel.

中东紧张局势升级，令国际油价在11日亚洲交易时段显著上涨。（在线字板入）截至北京时间11点30分，纽约商品交易所6月交货的轻质原油期货价格报每桶99.91美元，上涨4.71%；（换）7月交货的伦敦布伦特原油期货价格报每桶105.57美元，上涨4.23%。

Oil prices surge in Asian trading hours due to rising Middle East tensions