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Canadian Prime Minister Mark Carney speaks about the trade dispute with the U.S. at the Davie Shipyard in Levis, Quebec, Canada on Monday. Photo: Andrej Ivanov/AFP via Getty Images

Canadian Prime Minister Mark Carney has turned his decision to hold firm against President Trump's tariff threats into a rallying point for Canadians as their trade clash escalates.

Why it matters: The mild-mannered former Bank of Canada and Bank of England governor is holding firm against Trump despite the threat of further economic pain for Canadians.