Canada Seeks C$1tn Investment To Cut Reliance On US Amid Trump Tariffs
Canada is making a high-profile push to attract C$1 trillion (about $723 billion) in investment over the next five years as it seeks to reduce reliance on the United States amid President Donald Trump’s tariff war.
Prime Minister Mark Carney will host a two-day investment summit in Toronto starting Monday, bringing together global asset managers with over $100 trillion under management and executives pitching more than 160 projects in energy, mining, defence and power.
The summit, described as a matchmaking exercise, is aimed at showcasing Canada as a stable, rule-of-law destination at a time of elevated uncertainty over US trade access.
Carney’s government says the plan is to build economic resilience after 12 months of stagnant growth triggered by US tariffs on key Canadian sectors. Canada is America’s second-largest trading partner with about $1 trillion in annual two-way trade, but talks toward a tariff deal recently collapsed.
Domestic firms, including Montreal-based carbon-removal company Deep Sky, which is seeking $328 million for a new facility in Alberta, say the summit will put shovel-ready projects before investors eager for Canadian exposure. #Canada Seeks C$1tn Investment To Cut Reliance On US Amid Trump Tariffs# Canada’s Immigration Cut Exposes Economic Cracks
