Watch: Canada and EU deepen ties as allies rethink reliance on US

Canada and the European Union are exploring deeper economic and strategic ties as questions grow about their reliance on the US economy and financial system.

Canada is considering a closer relationship with the EU, including a proposed “associate membership” framework that would deepen cooperation in areas such as trade, defence, energy and critical minerals.

CGTN’s Sally Ayhan spoke to Jeff Mahon, the former deputy director of Global Affairs Canada’s China Division and director at StrategyCorp, about growing mistrust of the US among key allies as European central banks reconsider where to hold their gold reserves.

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  • Canada and the European Union are exploring deeper economic and strategic ties amid concerns about reliance on the US economy and financial system.
  • Canada is considering a proposed "associate membership" framework with the EU to enhance cooperation in trade, defence, energy, and critical minerals.
  • Jeff Mahon, former deputy director of Global Affairs Canada's China Division, discussed the growing mistrust of the US among key allies.
  • European central banks are reconsidering where to hold their gold reserves as part of this shift in trust and economic alignment.
  • CGTN's Sally Ayhan conducted the interview with Jeff Mahon about these developments.

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