Eli5; how are countries like Australia and New Zealand independent yet they still are under King Charles?
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Speaking for Canada. On paper, Charles III is Head of State. It’s that way because of various reasons like tradition and close ties with other Commonwealth countries, but mostly because it’s too much bother to change something that has no real influence over how Canada governs itself.
If Charles or any other monarch actually tried to exercise hard power over Canadian affairs, the calculus of the situation would change. We would immediately see Canada begin the process of doing away with the monarchy.
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