1408 ET - Prime Minister Mark Carney's Davos speech encouraging middle-power multilateralism may not have sat well with some in the U.S., but shouldn't be viewed as presenting an "either or" path, Royal Bank CEO Mark McKay says. "I was in the room in Davos, and the way I took it and the way I think it's kind of rolled out over the last six months is very much an aspiration to diversify the economy," he tells a Bloomberg TV event in Toronto. The U.S. will remain Canada's largest and strongest partner and the USMCA trade pact is expected to be renewed, however bilateral agreements will grow that diversify Canada's trade partnerships in a multipolar world, McKay says. (robb.stewart@wsj.com)

(END) Dow Jones Newswires

June 16, 2026 14:08 ET (18:08 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.