Canada Promoted as Safe Harbour for Global Investors by PM Carney
Prime Minister Mark Carney touted Canada as a secure destination for international finance at an investment summit in Toronto. He seeks to attract C$1 trillion in investments over the next five years amid ongoing geopolitical uncertainties.
Sources
Prime Minister Mark Carney is positioning Canada as a "safe harbour" for investors, aiming to attract C$1 trillion ($720 billion) in investments over the next five years to reduce dependency on the US amidst geopolitical tensions. The investment summit in Toronto showcased over 160 projects, with potential investments targeting sectors like data centers and pipelines, while also announcing plans for private investments in four major airports. The summit reportedly generated nearly C$500 billion in new investments, reflecting Canada's appeal for projects in critical infrastructure and AI development.