Carney Aims to Woo Global Investors with 'What the World Wants'
Canadian Prime Minister Mark Carney is set to host an investment summit in Toronto, aiming to attract investors from around the world. The event will bring together over 100 global investors overseeing more than C$100 trillion ($72 trillion; £53 trillion) in assets.
The summit's goal is to persuade these investors to bet on Canada's economic future, particularly in sectors such as energy and resources. Carney hopes to leverage his personal relationships with business leaders and asset managers built during his time at Goldman Sachs and the Bank of Canada.
Carney has emphasized that Canada has what the world wants, citing its political stability and natural resources. However, there are concerns about the country's ability to attract long-term investment due to lengthy project approvals and a track record of slow decision-making.
The summit comes amid a trade war with the US, which has escalated in recent weeks. Carney believes that building a more independent economy will help Canada navigate this uncertain geopolitical climate.