Carney, locked in U.S. trade war, pitches Canada to global investment titans
Attracting investment is crucial for Canada's economy to weather mounting tariffs imposed by the United States.
TORONTO - Canadian Prime Minister Mark Carney is hosting a summit this week aimed at attracting investments from global investors to support over 160 projects that could steer Canada's economy through its trade war with the United States. The summit, primarily taking place on Tuesday, will include meetings with high-profile attendees such as BlackRock CEO Larry Fink and Blackstone President Jon Gray, according to Carney's office.
While the summit is focused on discussions for future investments, substantial deals are expected to take anywhere from 12 to 18 months to materialize, a government source revealed. In an effort to boost Canada's economy, Carney has set a goal of attracting investments totaling 1 trillion Canadian dollars ($721 billion) over the next five years.
This ambitious target includes the development of projects in mining, energy, technology, and infrastructure sectors.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- John Ivison: If Canada really is open for business, Carney needs to rein in labour strife nationalpost.com
- EDITORIAL: Carney is the CEO of Canada Inc. torontosun.com
