Opportunity is knocking: could the loonie be the new global reserve currency?

A stronger, more diverse Canada could potentially supplant the U.S. as the global beacon of democracy, opportunity, security, and free trade.
The new $20 bill featuring the Vimy Ridge monument and King Charles III is pictured at a lock-up in Ottawa on Sept. 3. The Hill Times photograph by Andrew Meade
Opinion
BY MICHAEL CHOLOD
September 28, 2026

On Aug. 21, after more than a year of intense negotiations to renew the Canada-United States-Mexico Agreement, Prime Minister Mark Carney announced that Canada was walking away from the negotiating table. Citing conce...

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