14 hrs ago
Carney Vows Canada Will Remain Key U.S. Partner
Canada and the United States are next-door neighbors that trade a lot with each other.
President Donald Trump recently imposed new tariffs on Canadian goods.
Prime Minister Mark Carney said Canada will still work closely with the United States.
He also said the two countries sometimes disagree.
Carney wants Canada to become less dependent on the American economy.
This is difficult because about two-thirds of Canadian exports go to the United States.
Canada is trying to attract more investment from around the world.
It is especially interested in critical minerals and energy projects.
One proposed pipeline would send Alberta oil to Asian markets.
Prime Minister Mark Carney said Canada will remain a crucial United States partner despite new tariffs imposed by President Donald Trump.
Carney said the two North American neighbors have maintained close ties even during disagreements.
He argued that Canada must reduce its dependence on the United States and diversify its economic relationships.
About two-thirds of Canadian exports go to the United States, according to the report.
Carney said Canada aims to attract more than Can$1 trillion in investment over five years, including into critical minerals and energy.
- Who
- Prime Minister Mark Carney and President Donald Trump, with Canada and the United States involved.
- What
- Carney said Canada will remain an important U.S. partner while seeking to diversify its economy after new U.S. tariffs.
- Where
- At the Canada Investment Summit in Toronto.
- When
- Tuesday, hours after Donald Trump imposed new tariffs on Canada.
- Why
- Carney said Canada must respond to U.S. trade hostility, reduce dependence on the United States, and attract investment from other markets.
Key facts
- Canadian prime minister
- Mark Carney
- U.S. president
- Donald Trump
- Canadian exports to the U.S.
- Roughly two-thirds of all Canadian exports
- Investment target
- More than Can$1 trillion over the next five years
- Highlighted sectors
- Critical minerals and energy
- Proposed pipeline
- A Pacific coast pipeline intended to carry at least one million barrels of low-emission Alberta oil per day to Asian markets
- Summit location
- Toronto, Canada
Quotes
Mark Carney
Prime Minister of Canada
“To our American friends, let me say this: We will always be neighbors, and Canada will continue to be the US's most important partner in many key areas.”
firstpost.com
“Sovereignty and openness are now in tension. Economic integration is being weaponised. Tariffs are used as leverage.”
firstpost.com
Sources
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