What does Mark Carney’s decision to re-engage China signal about Canada’s strategic options in a more coercive global economy? Tasneem Gedi argues that Ottawa’s limited recalibration with Beijing reflects an unavoidable strategy of hedging amid U.S. unpredictability. While such engagement may expand Canada’s room for maneuver in an increasingly coercive global economy, it carries risks and thus must be pursued narrowly, conditionally and in close alignment with Canada’s alliance commitments.