Every July 1, fireworks illuminate the skies across Canada. This year, however, the country marks Canada Day with a revitalized sense of pride. Prime Minister Mark Carney has restored a measure of dignity, intellectual seriousness and technocratic competence to the nation’s highest office.

After years in which foreign policy often appeared driven by social media trends rather than the realities of statecraft, there is a growing sense that the adults are back in the room.

Yet as the celebratory smoke clears, sobering challenges remain. A sluggish domestic economy, a fractured political landscape and the constraints of middle-power diplomacy threaten to complicate the early promise of the Carney era.