The draft of the coming summit’s joint statement, dated Sept. 21, says Canada and the EU will commit to stitching together payment systems. It is a work in progress of the text that the two sides are planning to release at the Montreal event.
“We will also work toward connecting next-generation payment systems to facilitate faster, lower-cost and more seamless cross-border transactions, making it easier for Canadians and Europeans to conduct business, invest and transfer funds internationally,” the statement says. “These efforts will help mobilize capital for strategic sectors and support long-term economic growth and competitiveness.”
The U.S.’s power over international payments was demonstrated in 2025 when Mr. Trump imposed sanctions on Winnipeg-born International Criminal Court judge Kimberly Prost over her work on a case involving American troops in Afghanistan. The U.S. sanctions left Ms. Prost unable to use most credit cards or multinational services such as Amazon or airlines.
