Economy · World

Canadian PM Carney Pitches Canada to Investors Amid US Trade Tensions

Canadian Prime Minister Mark Carney hosted a Canada Investment Summit in Toronto to attract global investors and diversify the economy. He presented Canada as an investment haven while acknowledging the continued importance of ties with the United States, despite an escalating trade war. Carney stated that Canada had "no choice" but to withdraw from trade talks with the U.S. Former Prime Minister Stephen Harper echoed this sentiment, saying Canada had no alternative but to walk away from the trade deal. Carney also indicated potential for closer ties with the European Union, suggesting a new arrangement that could allow Canadians visa-free living and working across the bloc.

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