Mark Carney tells Davos the old world order is ‘not coming back’ as Trump heads to Switzerland

Carney warns US-led global system of governance is enduring ‘a rupture’ as US president flies in for showdown with European leaders over Greenland

Canada Prime Minister Mark Carney delivers a speech at the World Economic Forum in Davos, Switzerland on Tuesday, Jan. 20, 2026. Picture: Sean Kilpatrick/The Canadian Press via AP

Canadian prime minister Mark Carney has said that the US-led global system of governance is enduring “a rupture,” defined by great power competition and a “fading” rules-based order.

His speech to political and financial elites at the World Economic Forum comes a day before US President Donald Trump was set to address the gathering in Davos, Switzerland.