Prime Minister Mark Carney has reportedly floated the idea of Canada becoming an “associate member” of the European Union, according to media reports citing sources close to the government. This proposal comes amid growing tensions between Ottawa and Washington, as the Canada-U.S. Relationship faces increasing strain. Carney is expected to address the European Parliament next week, where he may outline Canada’s interest in closer ties with the bloc.

The suggestion of associate membership would mark a significant shift in Canada’s foreign policy, traditionally aligned with the United States. Officials on both sides of the Atlantic say Carney is pushing for deeper integration with the EU, even as he seeks to strengthen Canada’s economic position. This move is seen as part of a broader strategy to diversify trade and investment opportunities, especially in light of the deteriorating relationship with the U.S.

Carney is also set to host a high-stakes investment summit in Toronto, where he aims to attract new capital to address Canada’s long-standing issue of low business investment. Protests are planned against the summit, with organizers criticizing the government for aligning too closely with business leaders they claim are worsening global economic crises.

The proposal for EU associate membership remains unconfirmed, but it reflects a growing willingness to explore new economic partnerships as Canada navigates a complex geopolitical landscape.