Carney, locked in U.S. trade war, pitches Canada to global investment titans
Canadian Prime Minister Mark Carney is hosting a two-day summit to attract global investment to Canada amid ongoing trade tensions with the United States. The initiative seeks to secure C$1 trillion in funding for mining, energy, and technology projects to diversify Canada's economic partnerships.
Why it matters
This strategy represents a significant shift in Canadian economic policy as it attempts to mitigate the impact of U.S. tariffs by pivoting toward Asian and European markets.
Canadian Prime Minister Mark Carney welcomes dozens of global investors to Toronto this week, hoping to lure investments for more than 160 projects that he says are key to steering Canada’s economy through a trade war with the United States.
Confirmed attendees, many from the former Goldman Sachs executive and central bank chief’s personal rolodex, include BlackRock CEO Larry Fink and Blackstone President Jon Gray from the United States, as well as Singapore fund Temasek’s CEO Dilhan Pillay and Dutch pension fund APG Groep’s CEO Annette Mosman, according to a source with knowledge of the event.
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