"We have the ability, if we so desire, to participate in the Golden Dome through investments in partnership with the United States. This is something we are considering and have discussed at a senior level," Carney said during a press conference.
On Tuesday, Trump unveiled plans to build a "Gold Dome" to protect the United States from foreign attacks, asserting that the missile shield would be operational within three years.
In his press conference, Carney warned of new and growing missile threats, noting that these threats "may come in the not-too-distant future from space," adding, "We take these threats very seriously."
Canada and the United States are partners in continental defense through NORAD (North American Aerospace Defense Command).
Since its relationship with Washington deteriorated, Ottawa has sought to diversify its trade and security partnerships. Canada recently announced it was reconsidering a major deal with the United States to purchase F-35 fighter jets and signed an agreement with Australia to build radars to monitor the Arctic.
The Canadian Prime Minister also announced that his government is in talks with European allies to "become a full partner in the European Rearmament Initiative," an initiative aimed at strengthening the continent's defense and defense industry capabilities.