JPMorgan's Dimon calls Carney's middle-power unity push a 'fantasy'

JPMorgan CEO Jamie Dimon has sharply rejected Canadian Prime Minister Mark Carney's appeal for middle powers to unite, dismissing the idea as unrealistic. Dimon pointed to Europe as a cautionary example, arguing that high taxes and heavy regulation have hampered its economic competitiveness. He stressed that creating attractive business environments is essential for sustained economic growth. Dimon also sought to reassure investors of the United States' continued appeal as a destination for capital, while acknowledging China's shifting role in global affairs.