Canadian prime minister Mark Carney has said that the US-led global system of governance is enduring “a rupture,” defined by great power competition and a “fading” rules-based order.

In a bold speech at the World Economic Forum in Davos, Switzerland, Prime Minister Mark Carney warned allies the ‘old order is not coming back,’ and that middle powers must work together or end up ‘on the menu’ of great powers weaponizing economic integration.

It's a pleasure — and a duty — to be with you at this turning point for Canada and for the world.

When asked about the price tag, Carney says Canada would be willing to provide funds to be delivered directly to improve the welfare of Palestinians.