Trump vs Carney: The new fight is over global $
In Toronto, Canadian Prime Minister Mark Carney is hosting the Canada Investment Summit, attracting 300 CEOs and senior executives from leading investment firms. These investors collectively manage over $120 trillion in assets, highlighting the potential capital Carney aims to attract to Canada. Carney emphasizes Canada's vast energy and critical-mineral resources, highly educated workforce, and trade agreements that provide access to approximately 1.5 billion consumers around the world.
He asserts that investors are interested in Canada's merits, not just proximity to the United States. The summit aims to channel global capital into Canadian projects in critical minerals, technology, defense, advanced manufacturing, and energy. Carney stresses that Canada's greatest strength is its trust, an intangible asset that is rare in the world.
The summit follows the collapse of trade talks between Canada and the United States, and the imposition of tariffs by the US, which are impacting Canada's appeal to foreign investors.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
