Canada is a 'safe harbour' for global finance, Carney says

Key Points:

• Prime Minister Mark Carney has promoted Canada as a "safe harbour" for global investors amid geopolitical and economic uncertainty, aiming to attract investments in defence, energy, mining, AI, and infrastructure sectors.
• Carney addressed over 100 global investors managing assets worth more than C$120tn at a Toronto summit, highlighting over 160 projects available for investment to help Canada diversify its economy beyond its trade relationship with the US.
• In response to ongoing trade tensions with the US, Canada is seeking to expand economic partnerships with Europe, Asia, and the Middle East, while also planning to privatize operations of four major airports to raise funds for infrastructure development.
• The summit features private meetings and panels with industry leaders from Deutsche Bank, Bombardier, BlackRock, and Blackstone, though major announcements are not expected as the event focuses on building investor confidence.
• Carney emphasized Canada's commitment to maintaining strong ties with the US despite trade disputes, underscoring the country's goal to become the most attractive investment destination in the G7.