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Carney gambles on the world's biggest investors betting on Canada

In the midst of a trade war with the US, the prime minister leveraged his connections in global finance to invite some of the world's biggest investors to Canada.

Carney gambles on the world's biggest investors betting on Canada

In a bid to bolster Canada's economy amid a deteriorating relationship with the US, Prime Minister Mark Carney is hosting an investment summit in Toronto. Over the course of two days, over 100 global investors and executives from major finance companies are expected to gather at a luxury hotel to discuss potential investments in Canada's energy, resource, AI, defence, transportation, and infrastructure sectors.

Carney hopes to leverage his personal relationships from his time at top global financial institutions to persuade these investors to bet on Canada. The summit aims to showcase Canada's political stability, energy resources, and the country's resilience as an investment opportunity. However, the success of the summit may hinge on convincing investors that Canada presents a viable and attractive investment prospect, despite the challenges posed by the US-Canada trade war and a lack of immediate investment opportunities.

Written by urgent.news from BBC Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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