Key Facts

• Canada historically relied on its close trade relationship with the U.S., its largest trading partner.
• A trade war started during President Donald Trump’s second term has led to high tariffs on Canadian goods and retaliatory tariffs from Canada.
• Prime Minister Carney is promoting Canada as a stable and reliable place to invest, beyond just access to the U.S. market.
• The Canada Investment Summit in Toronto is gathering about 300 major global investors and officials to encourage investments in mining, AI, manufacturing, and more.
• The goal is to attract $1 trillion in investments over five years, including $280 billion in public spending and incentives to encourage private investments.
• Canada has trade agreements with 51 countries, granting access to 1.5 billion consumers worldwide.
• The summit is an attempt to strengthen Canada’s economy by diversifying its trade relationships and building more business domestically.
• Success depends on turning investor interest into actual projects and financing that go forward.