Treasury Department froze $340 billion in Canadian pension assets belonging to retired Ontario teachers, Quebec nurses, and British Columbia municipal workers held in American equities, bonds, real estate trusts, and infrastructure — prompting Carney to open Parliament with one deliberate word, calling it not a freeze but a theft, before announcing four pre-prepared responses already in motion. Canada activated the repatriation protocol targeting $800 billion in total Canadian institutional capital for orderly 90-day American market exit, filed simultaneous emergency injunctions in 14 federal jurisdictions through legal teams assembled over 11 months, suspended Canada's bilateral financial stability framework that had provided stabilizing pension capital during American market stress periods including 2020, and launched a multilateral investor protection framework with Norway, Australia, Singapore, and Netherlands who had agreed in principle within 24 hours. S&P 500 fell 5.8 percent in 90 minutes as markets repriced the assumption that allied pension capital was a structural feature of American demand, European pension funds including Norges Bank and Dutch APG issued American risk advisories adding governmental asset seizure as a formal new risk category, and former Treasury Secretaries from both parties warned publicly that American property rights credibility had been permanently damaged. Washington froze the retirement savings of Canadian teachers and nurses expecting a phone call — Canada had been preparing the legal filings, the repatriation protocol, and the multilateral framework for eleven months, and was ready before the freeze was announced.