Canada Courts Global Investment Amid U.S. Trade Tensions
9 hours ago
Canadian Prime Minister Mark Carney is courting some of the world’s biggest investors as his government works to attract new capital and reduce Canada’s economic dependence on the United States amid an escalating trade dispute with President Donald Trump.
About 300 CEOs and senior executives are gathering in Toronto for the Canada Investment Summit. Together, attendees represent companies and investment firms managing more than $120 trillion in assets.
Carney is pitching Canada’s vast energy and critical-mineral resources, educated workforce, political stability and access to international markets as reasons for companies to invest north of the U.S. border.
The two-day summit is focused on connecting global investors with Canadian projects in sectors including energy, mining, technology, infrastructure and manufacturing. Reuters reports more than 160 Canadian projects are being promoted as the government seeks to attract more than C$1 trillion in investment over five years.
The push comes as President Trump continues encouraging companies to manufacture and invest in the United States. U.S.-Canada trade tensions have intensified in recent months, with both countries imposing new tariffs and other trade restrictions.
Carney has responded by seeking to diversify Canada’s trading relationships and attract investment from other parts of the world. His government is also pursuing closer economic ties with Europe and other global partners.
Major immediate deals are not expected to emerge from the Toronto summit. Instead, organizers are seeking to build relationships between investors and Canadian projects that could result in investments over the next 12 to 18 months.
The gathering comes as both Canada and the United States compete for global capital, with Trump pushing investment into the U.S. while Carney makes the case for Canada as an alternative destination.
About 300 CEOs and senior executives are gathering in Toronto for the Canada Investment Summit. Together, attendees represent companies and investment firms managing more than $120 trillion in assets.
Carney is pitching Canada’s vast energy and critical-mineral resources, educated workforce, political stability and access to international markets as reasons for companies to invest north of the U.S. border.
The two-day summit is focused on connecting global investors with Canadian projects in sectors including energy, mining, technology, infrastructure and manufacturing. Reuters reports more than 160 Canadian projects are being promoted as the government seeks to attract more than C$1 trillion in investment over five years.
The push comes as President Trump continues encouraging companies to manufacture and invest in the United States. U.S.-Canada trade tensions have intensified in recent months, with both countries imposing new tariffs and other trade restrictions.
Carney has responded by seeking to diversify Canada’s trading relationships and attract investment from other parts of the world. His government is also pursuing closer economic ties with Europe and other global partners.
Major immediate deals are not expected to emerge from the Toronto summit. Instead, organizers are seeking to build relationships between investors and Canadian projects that could result in investments over the next 12 to 18 months.
The gathering comes as both Canada and the United States compete for global capital, with Trump pushing investment into the U.S. while Carney makes the case for Canada as an alternative destination.