Canada Remains 'Most Important Partner' for US in 'Key Areas': Carney
Carney said the summit will seek more than Can$1 trillion in investment over five years as Canada pushes to reduce reliance on the United States.
- On Tuesday, Prime Minister Carney addressed the Canada Investment Summit in Toronto, hours after President Donald Trump imposed new tariffs on Canada. Carney reaffirmed that North American neighbors maintain close ties "even at times of disagreement."
- President Donald Trump's new tariffs prompted the summit, aligning with Carney's strategy to reduce Canada's economic dependence on the United States. Carney warned that such trade hostility should be viewed as the new normal.
- Carney promoted plans for a new Pacific coast pipeline to carry at least one million barrels of low-emission Alberta oil per day to Asian markets. The summit aims to attract over Can$1 trillion in investment over five years.
- With the majority of Canadian exports heading to the United States, Carney acknowledged this market cannot be easily replaced. Despite recent tensions, he maintained Canada remains the U.S.'s most important partner in many key areas.
- Carney argued that Trump has triggered a global "rupture," noting that "sovereignty and openness are now in tension." He added that economic integration is being weaponized as supply chains are treated as "vulnerabilities to be exploited.
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23 Articles
Talking to top global investors at a summary intended to curb Canada's dependence on the US, Prime Minister Mark Carney acknowledged both the US economy's importance for Canada and the need to diversify trade partners.
The Prime Minister reached out to "our American friends" on Tuesday during a speech in Toronto.
Reforma
El DiarioCanada will remain a crucial partner for the US in key areas, Prime Minister Mark Carney said, in the middle of the 'trade war'.
Mark Carney expressed his confidence that his country will remain the "greatest partner" of the United States in multiple areas. His statement, during a speech at an international investors' conference in Toronto, comes amid an escalation in the trade dispute between the two countries. Addressing "American friends," the Canadian prime minister emphasized the strong neighborly relationship and assured that Canada will continue to be the most cr…
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