Prime Minister Justin Trudeau says Canada is well positioned to weather global market uncertainty in the wake of the United Kingdom’s dramatic decision to leave the European Union.
Trudeau says Canada will continue to build relations with both the U.K. and EU as they forge their own new relationship.
The prime minister, Foreign Affairs Minister Stephane Dion, Finance Minister Bill Morneau and former Conservative prime minister Brian Mulroney had all spoken out in favour of Britain remaining in the EU prior to Thursday’s referendum.
The British vote to exit the EU had an immediate impact in the financial world, with the British pound plunging to its lowest level in three decades and world stock prices falling.
British Prime Minister David Cameron, who had led the campaign to keep Britain in the EU, also said he would resign by October.
Trudeau thanked Cameron for being a close ally and good friend to Canada.
“The people of the UK have chosen to leave the EU.
“The UK and the EU are important strategic partners for Canada with whom we enjoy deep historical ties and common values. We will continue to build relations with both parties as they forge a new relationship.
“Canada’s connections to our partners around the world are among its greatest assets, and these relationships contribute greatly to the prosperity of all Canadians.
“Canada has tremendous economic fundamentals that we are strengthening with key investments in infrastructure and measures to grow our middle class. We are well positioned to weather global market uncertainty as we have done in the past.
“Prime Minister David Cameron indicated today that he will resign by the fall. On behalf of all Canadians, I would like to thank him for being such a close ally and good friend to our country. We wish him well.”
European leaders have all issued statements in reaction to Britain’s decision to exit the European Union — even Pope Francis.
A senior commander of Iran’s powerful Revolutionary Guard is offering a different take on the referendum.
Brigadier General Massoud Jazayeri is describing the decision to leave the European Union as payback for “years of colonialism and crimes against humanity.”
An official in President Hassan Rouhani’s office calls the vote a big earthquake that’s part of the domino collapse of the E-U.
(The Canadian Press)