Canada weighs stronger payment ties with Europe

Prime Minister Mark Carney has signaled interest in closer cooperation with Europe on payments and financial infrastructure, as Canada looks at ways to reduce reliance on U.S.controlled banking networks. The CBC analysis says concerns about U.S. financial leverage have grown as Washington has used tariffs, sanctions, and other tools to pressure other countries. It points to cases such as the debanking of Canadian judge Kimberly Prost and discusses how access to dollar clearing and card networks can affect crossborder commerce. The article also outlines possible alternatives, including domestic payment systems, swap lines, and crossborder links with allies such as Europe. Analysts quoted in the piece say the goal is not to cut off U.S. banks entirely, but to build more resilience and give Canada more control over its own financial infrastructure.