Mark Carney's "third path" doctrine advocates for middle powers like Canada and India to foster cooperation amid global rivalries.
As Prime Minister, Mark Carney has been trying to advance a new framework for Canada’s identity and engagement with the world. In his speech at Davos on Tuesday (January 20, 2026), Mr. Carney outlined a new agenda for the world — a “third path”. The suggestion seems to be to steer clear of the emerging rivalry between the U.S. and China, premised on what he called a “values-based realism”, citing Finnish President Alexander Stubb.
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