Canada, the European Union, and the Eurozone

If Canada were ever to turn to the Eurozone, its buck would stop in Frankfurt, home of the European Central Bank. Mark Carney’s former bank would be no more. Hard to imagine and highly unlikely, but so was America’s turn to Donald Trump, not once but twice.

U.S. President Donald Trump, pictured on Jan. 20, 2025, with Will Scharf, left, and Vice President JD Vance, signing a series of executive orders. With the U.S. Congress flirting every few months with defaulting on the country’s multi-trillion-dollar debt, speculation increases about an alternative reserve currency, writes Nelson Wiseman. Photograph courtesy of Wikimedia Commons/Flickr

Opinion

BY NELSON WISEMAN

April 24, 2025

TORONTO—Caveat: The author, not an economist, engages here in the far-fetched.

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