Carney warns US-led global system of governance is enduring ‘a rupture’ as US president flies in for showdown with European leaders over Greenland

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.

His speech to political and financial elites at the World Economic Forum comes a day before US President Donald Trump was set to address the gathering in Davos, Switzerland.

Since entering Canadian politics in 2025, Carney has repeatedly warned that the world was not going to return to a pre-Trump normal. He re-affirmed that message on Tuesday, in a speech that did not name Trump but offered an analysis of the president’s impact on global affairs.

“We are in the midst of a rupture, not a transition,” Carney said.