Three PMs: Carney recruits Chrétien, Harper to kick off investment summit
The summit drew nearly $500 billion in commitments as Carney promoted tax breaks, faster approvals and private investment in four major airports.
- On Monday, Prime Minister Mark Carney launched the Canada Investment Summit in Toronto, aiming to catalyze $1 trillion in investment over five years to diversify Canada's economy and attract global capital.
- Bell Canada CEO Mirko Bibic announced a non-binding memorandum for an AI data-centre expansion in Saskatchewan, targeting a 1.2-gigawatt hub with up to $52.5 billion in capital investment.
- Ottawa lowered the marginal effective tax rate on new business investment to 6.4 per cent from 13 per cent and announced plans to seek private investment for Canada's four largest airports.
- Demonstrators marched from Nathan Phillips Square to the Toronto venue, holding signs reading "No deals behind closed doors" as organizers warned against a potential "fire sale" of public assets.
- Former Prime Minister Stephen Harper urged Canada to lean into resource extraction to become an "energy superpower," while Carney emphasized "strategic autonomy" through diversified trade partnerships to reduce U.S. reliance.
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Canada and Europe 'stronger together,' Carney says amid spat with US
Canadian Prime Minister Mark Carney arrives to speak at the Economic Club Of New York on May 28, 2026, in New York City. (Michael M. Santiago/Getty Images) LONDON — Canadian Prime Minister Mark Carney on Thursday called for deeper transatlantic ties with the European Union amid an ongoing diplomatic and trade spat with President Donald Trump’s administration. During an address to the European Parliament in Strasbourg, France, Carney told lawmake…
Canada and EU 'stronger together' says Carney, brushing aside US threats
Canadian Prime Minister Mark Carney on Thursday welcomed a proposal for his country to become the European Union's first "associate member", shrugging off threats from United States President Donald Trump.
"Europe and Canada are stronger together": Mark Carney welcomes EU's historic offer for Ottawa to become first Associate Member
Welcoming the initiative, Carney described the partnership between Canada and the EU as a proactive model for global democratic governance. He characterised it as a resilient alliance dedicated to upholding international law and ensuring its agenda is not dictated by outside forces.
Canada seeks greater economic independence from US as Carney courts investors
TORONTO, Sept 16 — Prime Minister Mark Carney pitched Canada as an investment haven yesterday at a gathering of global financial elite, but conceded ties with the United States remained crucial despite an escalating trade war.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 United States.The guest list for the event in Toronto included repre…
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