Carney's Economic Hail Mary: Canada Seeks $720 Billion from Global Investors

Canada's Prime Minister Mark Carney faces an economic challenge after walking away from trade talks with US President Donald Trump. Tariffs on $20 billion of Canadian goods will hurt small- and medium-sized businesses, including family firms.

Carey aims to reshape the economy by pushing through measures like pro-business tax reforms, privatizing public assets, and investing in natural resources. His plan hinges on attracting deep-pocketed investors to put money into Canada.

Carney's office has compiled a list of over 160 projects needing hundreds of billions of dollars in funding. The first-ever Canada Investment Summit will draw top officials and business leaders to Toronto, where they'll pitch investment opportunities to global funds like Blackstone Inc. and Temasek Holdings Pte.