OTTAWA—Prime Minister Mark Carney borrowed President Donald Trump’s political slogan in a pitch to New York investors and to the American administration to see Canada as a trusted ally and safe haven for investment.

In a speech to the Economic Club of New York, Carney laid out the rationale for his efforts to diversify trade and defence ties in an uncertain world, where he said the old rules have ruptured, but also defended Canada as a staunch partner for the U.S.

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