Carney sells Canada to global investors but says US ties still key
Mark Carney convened the Canada Investment Summit as part of his push to diversify an economy he insists had grown too reliant on an increasingly protectionist US.
TORONTO: Prime Minister Mark Carney unveiled Canada as an investment haven at a global financial summit, vowing to attract CAN$1 trillion (US$720 billion) in capital over the next five years. Despite a trade war with the United States, Carney emphasized ties with the US as vital, stating that Canada remains the US's most important partner in many key areas.
He highlighted Canada's reserves of critical minerals and clean energy, which he sees as keys to achieving strategic autonomy. Carney also showcased plans to build a new pipeline to carry low-emission oil from Alberta to Asian markets. Despite recent tariff increases imposed by the Trump administration, Carney expressed optimism about future US relations, reaffirming the importance of neighborly ties.
He noted that Canada and the US have always maintained close relationships, even during disagreements. Carney's optimistic stance on US relations comes as he seeks to diversify Canada's economy beyond its heavy reliance on the US market.
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