Canada still a crucial partner for US in 'many key areas,' PM Carney says
Source: Euronews ↗ (cross-verified by 2 outlets — full list below)
Prime Minister Mark Carney used the opening day of the two‑day Canada Investment Summit in Toronto to tell American leaders that Canada will remain the United States’ “most important partner in many key areas.” Speaking to a crowd of global investors, Canadian executives and public‑sector officials, Carney emphasized the enduring neighbourly bond and pledged that Canada would become “an even better partner” when future opportunities arise, highlighting the countries’ shared economic and security interests.
The summit, billed as a first‑of‑its‑kind gathering, is part of Ottawa’s strategy to attract C$1 trillion of new investment over the next five years as it seeks to diversify its economy amid a growing trade dispute with the United States. By the end of Tuesday, Carney’s office reported that the event had secured nearly C$500 billion in commitments: roughly C$100 billion in fresh capital for Canadian assets from pension funds, insurers and institutional investors; C$325 billion in financing for Canadian businesses and infrastructure from banks; and more than C$14 billion from investment funds earmarked for growth in strategic sectors.
The remarks come as the trade war escalated after negotiations on a duty‑avoidance deal collapsed, triggering U.S. tariffs on about C$28 billion of Canadian exports and prompting Ottawa to impose counter‑tariffs of up to 50 percent on roughly C$27.6 billion of U.S. imports. Carney’s assurances aim to reassure American partners that, despite the current dispute, Canada will continue to cooperate closely on economic and security matters while leveraging the summit’s investment pledges to bolster its own resilience and independence.
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