Joined the Global Risk Institute's 2026 Summit to talk about how the world has changed. For much of my career, I thought about risk from the perspective of a banker. Today, I think about it from the perspective of a country. The perspective of a Canadian who knows this is the best country in the world, and it can still get better. The scale is different, but the principles are not: build optionality, avoid concentration, invest in productive assets, and never assume that the conditions that prevailed yesterday will prevail tomorrow. Canada cannot control the rupture happening around us. But we can control our response, and we can build an economy that is not simply capable of surviving the next shock, but positioned to seize the opportunities that come with it. That is the opportunity in front of us. I am confident we can, and will, seize it. 🇨🇦