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Canada's 100-year bet on Ukraine

What a century-long promise delivers now, and what stays on paper.

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The partnership travels with Carney to Europe

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WHAT HAPPENED

Five days after the Calgary signing, Carney flew to France. Financial Times reporting described Canada seeking a role in lending for Ukraine, whose budget faces a hole next year, as part of deepening its European ties, and quoted a European official: 'We are grateful for all the support that Canada is providing to Ukraine and we are ready to do more together.' The trip also advances Canada's wider bid for a closer European alliance, a separate trade and security effort.

Why this matters

This is where the driving question stands at the cutoff: the century promise is already converting where money moves fastest, through loans and guarantees routed via Europe, while drones and interceptors wait on factories and a US pipeline. The experts' limit stands, and Canada's Ukraine support has itself become something Canada brings to other tables.

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Experts responding to the visit said that neither Canada nor any single ally can replace the United States as Ukraine's supplier, noting that Canada's new air-defence funding itself flows through a US-run mechanism that finances American equipment.

Can allies actually fill the American gap? →
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Five days after the signing, Carney travelled to Europe; Financial Times reporting described Canada as seeking a role in lending for Ukraine, which faces a budget hole next year, as a way to deepen Canada's European ties, and quoted a European official saying allies are 'ready to do more together' with Canada.

Where does the partnership convert next? →
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