Canada Pitches $1tn in Projects to Global Investors Amid US Trade Tensions
Prime Minister Mark Carney presented more than 160 investment opportunities, including data centres and pipelines, at the country's first Investment Summit, as Ottawa seeks to diversify trade ties away from Washington, BBC News reported.
Canada held its first Investment Summit this week, with Prime Minister Mark Carney making a pitch to global investment firms worth an estimated $1tn (roughly £790bn), according to BBC News.
The summit showcased more than 160 projects across sectors including energy infrastructure, data centres and pipelines, BBC News reported, as the Canadian government seeks to attract large-scale foreign capital.
The push comes amid what BBC News described as a bitter trade dispute with the United States, prompting Canada to explore a pivot toward the European Union and other international partners for investment and trade opportunities.
According to the report, the summit represented an effort by Carney's government to position Canada as an attractive destination for major infrastructure and technology investment at a time of strained economic relations with its largest trading partner.
BBC News did not specify further details on individual investors attending the summit or the precise breakdown of the $1tn figure across the more than 160 projects presented.
Sources
- Data centres and pipelines up for grabs as Carney pitches Canada to investment giants — BBC News — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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