Canada seeks to attract trillion dollars to reduce its dependence on the United States
Canada is seeking to attract one trillion dollars in new capital as part of Prime Minister Mark Carney's plan to reduce economic reliance on the United States. Carney will host about 200 financial executives in Toronto next week, and the plan involves directing funds to 167 projects including pipelines, nuclear energy, mining, railways, ports, and AI data centers. The initiative follows the collapse of trade talks with Washington last month, and business leaders warn that stability alone will not suffice, calling for tax cuts, faster permits, and regulatory improvements.
Why it matters: This matters for the briefing's theme of economic diversification, as Canada seeks to reduce its reliance on the United States and attract foreign investment.