00:00It's Benzinga bringing Wall Street to Main Street
00:02Canadian Prime Minister Mark Carney on Thursday welcomed the European Union's proposal to
00:06make Canada the bloc's first associate member, according to CNBC.
00:10Carney said that Canadian lawmakers would debate and vote on any final agreement.
00:14Speaking to EU lawmakers in Strasbourg, Carney said Canada and Europe would be stronger together
00:19and criticized the use of tariffs and economic integration as tools of pressure.
00:23President Trump has called the proposal laughable and threatened tariffs on Europe if he considers
00:28the move hostile.
00:29European Commission President Ursula von der Leyen said the EU wants to elevate its relationship
00:34with Canada and move beyond their existing free trade agreement.
00:37Associate membership does not currently exist under EU treaties and would require approval
00:41from member states.
00:42For all things money, visit Benzinga.com.
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