Canadian Prime Minister Mark Carney delivered a historic address to Australia's federal parliament, calling Australia a 'strategic cousin' and urging middle powers to form coalitions rather than retreat behind walls. The leaders signed agreements on critical minerals, artificial intelligence, and superannuation fund investment, while also discussing de-escalation in the Middle East and support for preventing Iran from obtaining nuclear weapons. Australian farmers are warning that fertiliser costs have surged by $150 per tonne due to the closure of the Strait of Hormuz, with price increases expected to flow through to consumers for bread, beef, and other food products.

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