Trump Withdraws Canada's Invitation to Join 'Board of Peace' After Tensions Rise
Washington – President Donald Trump rescinded Canada's invitation to join the newly formed "Board of Peace" following recent tensions between the two North American neighbors. The withdrawal came after Prime Minister Mark Carney voiced concerns about the U.S.-led global order and Canada declined to pay the $1 billion membership fee, according to multiple sources.
Trump announced the decision on Truth Social, stating in a post addressed to Carney, "Please let this Letter serve to represent that the Board of Peace is withdrawing its invitation to you regarding Canada's joining." While Trump did not explicitly state the reason for revoking the invitation, the move follows Canada's indication that it would participate without paying the required fee.
The "Board of Peace" is envisioned by the U.S. as an international organization focused on conflict resolution, with Trump serving as chairman and wielding significant decision-making authority. European leaders, led by EU chief Antonio Costa, have expressed reservations about the scope of the board but remain open to collaboration, particularly in Gaza.
The withdrawal marks the latest spat between the U.S. and Canada. Carney made headlines earlier in the week when he warned of a "rupture" in the U.S.-led global order. The situation remains fluid, with the future of Canada's involvement in international conflict resolution efforts uncertain.
AI-Assisted Journalism
This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.
Deep insights powered by AI
Continue exploring
Amidst a volatile week for transatlantic relations, President Trump's disruptive statements at the World Economic Forum in Davos unsettled global markets and strained relationships with key U.S. allies. The uncertainty surrounding America's role as a global leader among Western democracies was heightened by remarks about potential U.S. actions regarding Greenland, contributing to diplomatic tensions.
The Trump administration has broadened the Mexico City policy, a move that restricts U.S. funding to international organizations that support or discuss abortion services. This expansion now includes barring funds to groups promoting "gender ideology" and diversity, equity, and inclusion (DEI), reflecting a stance against these concepts and aiming to protect life, according to Vice President JD Vance. This policy shift highlights the ongoing debate surrounding reproductive rights and the influence of political ideologies on global health initiatives.
Minnesotans braved subzero temperatures to protest federal immigration enforcement, highlighting the societal impact of AI-driven policies that may be influencing these operations. The "ICE Out" protest, involving business closures and community action, demonstrates a growing resistance to immigration policies and raises questions about the ethical considerations of AI in law enforcement. This event underscores the need for transparency and public discourse regarding AI's role in shaping immigration practices.
Vietnam's Communist Party re-elected To Lam as General Secretary, signaling a potential shift away from collective leadership as he is expected to also assume the presidency, mirroring trends seen in China and Laos. This consolidation of power aims to accelerate economic growth towards a targeted 10%, but raises concerns about checks and balances within the party and the long-term implications for political succession in the Southeast Asian nation.
BlackRock's private debt fund anticipates a 19% reduction in net asset value due to struggling loans, signaling potential strain within the broader private credit market. This markdown highlights the inherent risks in private debt investments and could prompt further examination of valuation methodologies in similar AI-driven financial instruments.
Japanese stocks, initially boosted by speculation of increased government spending under Prime Minister Takaichi, experienced a sharp reversal this week as a bond slump triggered by her proposed tax cuts caused market instability. The Topix index suffered its largest two-day decline since mid-November, ultimately underperforming broader Asian markets and signaling potential risks for equity bulls.
The S&P 500 is on track for its first two-week losing streak since June amidst volatile trading, while silver prices have surged, exceeding $100. Industry experts discuss factors influencing market performance, including Apple's AI initiatives, the future of retail with companies like Zellerfeld, and potential shifts in the media landscape with insights from Candle Media's Kevin Mayer.
The S&P 500 experienced its first two-week losing streak since June, despite erasing Friday's losses due to positive consumer sentiment and gains in major tech stocks. Nvidia shares rose 1.5% following news of potential chip orders from China, while Intel's stock plummeted 17% due to a weak forecast, and small caps underperformed after a 14-day winning streak against the benchmark. Investors are closely watching the upcoming Federal Reserve decision and the start of big-tech earnings season for further market direction.
The SEC is dismissing its 2023 lawsuit against Gemini Trust Co. after the company settled with the New York State Department of Financial Services and returned 100% of crypto assets to customers, resolving allegations of illegally raising billions through an unregistered lending program. This decision, made at the SEC's discretion, removes a significant legal overhang for Gemini and potentially stabilizes market sentiment surrounding crypto lending platforms.
Braskem SA, a major global petrochemical producer, successfully made interest payments on its dollar-denominated hybrid bonds maturing in 2081, averting potential market concerns. This move provides some financial stability for the company amidst ongoing discussions regarding its ownership and future strategic direction.
This week's Wall Street Week features Chrystia Freeland discussing economic issues in Ukraine and potential wine tariffs impacting the US market. The show also explores Ecuador's rising cocoa production due to climate change and examines the continued global demand for Israeli defense technology despite criticism of the Gaza war.
Following a landslide in Mount Maunganui, New Zealand, police have discovered human remains, shifting the operation from rescue to recovery. This tragic event highlights the increasing risks associated with unstable land due to climate change and urbanization, prompting a re-evaluation of safety protocols in vulnerable areas.
Discussion
Join the conversation
Be the first to comment