Thank you all for being here.

It was 50 years ago that the G7 – or the leading advanced nations that became the G7 – got together amidst economic upheaval, stagflation, and conflict in the Middle East, and formed what became the G7, with a mission.

When they met in Rambouillet, France, it wasn’t a mission to preserve the old order, but to build a new one. One that could withstand shocks, deepen integration and co-operation, and really deliver prosperity for all citizens.

It’s a reminder that nostalgia isn’t a strategy – we have to change. And at this moment of transformation, we must turn the many challenges into change.

We know there can’t be true security without economic prosperity, but also no prosperity without resilience. 

We’re in a world where shocks are flowing across borders, whether it’s through climate change or through conflict. We know that resilience is built through a combination of tough choices at home and smart co-operation with like-minded countries abroad.

And that, in a small way and building from that, is part of the objective of these meetings. This G7 is to begin to build that new era of co-operation – one that promotes long-term resilience over short-term efficiency.

The progress made here in Kananaskis does not mark the end, but rather the beginning of our work.

I’ve had productive discussions with 21 leaders from all continents.

Over the past few days, Canada has worked with our G7 partners to determine where we can co-operate and build resilience and lasting prosperity. And that’s the approach that Canada’s taking as we negotiate a new economic and security partnership with the United States.

As I’ve stressed repeatedly, we will take all the time necessary to do that, but no more. Yesterday, President Trump and I agreed to continue to pursue those negotiations and intensify them toward a deal within the coming 30 days. And so, the President and I, as well as our respective Cabinet ministers and officials, will remain in close contact in the coming days to deliver on that timeline.

Over the past days, we also met with global leaders who will help determine what success is in the new global system that will emerge over time. Underpinning each of those discussions, I stressed Canada’s readiness to work to create new international partnerships and promote a world that’s more secure, prosperous, just, and free. 

We’re looking to deepen alliances with stable democracies who share our interests, our values, and our principles. And we look to lead with many of the resources – including human resources and human capital – that the world wants, and the values to which so many aspire. 

It’s those values of freedom, of democracy, and of justice that are behind Canada’s unwavering support for a secure, free, and sovereign Ukraine. This morning, I shared with President Zelenskyy and G7 partners what Canada is doing, moving forward, in multiple respects with measures to support Ukraine in its struggle against Russia’s unjustified and barbaric war. 

With our international partners, we’re launching a major new package of sanctions on individuals, on companies, on vessels – the shadow fleet – to exert maximum pressure on Russia. We’re also sending over $2 billion in funding for drones, ammunition, and armoured vehicles to help Ukrainians defend their territory, as well as a $2.3 billion loan to help rebuild the infrastructure in that country. And I take a moment to reiterate our condolences given the barbarism witnessed overnight in Kyiv caused by Russia.

G7 leaders also reiterated our commitment to the pursuit of peace and stability in the Middle East and made clear that Iran is the principal source of regional instability and terror. We’ve been consistently clear that Iran can never have a nuclear weapon. We urge that the resolution of the Iranian crisis leads to a broader de-escalation of hostilities, including a ceasefire in Gaza.

Throughout the Summit, we also brought countries together around the most urgent challenges and opportunities of our time.

These are areas that require international co-operation – areas in which Canada is well positioned to play a leading role.

I’m pleased to share that G7 nations, over the past two days, agreed to move forward in co-operation on several key priorities. We’re going to work with our partners in the G7 and beyond – a number of the countries that are here today – to develop critical metals and minerals in order to build independence from non-market economies.

And to that end, we will create a critical minerals production alliance, a G7-led strategic initiative to stockpile and develop critical minerals needed for defence and technology, including a range from germanium, gallium, graphite, and rare earths.

We also struck several agreements – accords – from the aforementioned critical minerals supply chains to adapt, power, and share artificial intelligence, to collaborate on quantum technologies, to prevent, fight, and recover from wildfires – something we feel intensely here in the Prairies – tackle foreign interference and transnational repression, and counter migrant smuggling by dismantling transnational organized crime.

Next week, we will shift from addressing threats to economic security to addressing threats and issues with respect to global defence and security at the NATO Summit and at the Canada-European Union Summit. We recognize that our leadership will be defined not just by the strength of our values, but also by the value of our strengths.

Thank you.