Prime Minister Mark Carney concluded a visit to New York City on Thursday aimed at promoting Canada as a destination for international investment and strengthening economic partnerships with allies, including the United States.
According to the Prime Minister’s Office, Carney met with investors, chief executive officers, entrepreneurs and business leaders to position Canada as a stable and competitive market for investment.
During remarks at the Economic Club of New York, Carney outlined the federal government’s economic strategy focused on increasing domestic strength while expanding international partnerships.
The federal government said it plans to help catalyze $1 trillion in investment over the next five years in sectors including energy, transportation, data and defence.
“Canada has what the world wants,” Carney said in a statement. “We’re an energy superpower with access to 1.5 billion consumers around the world through our free trade agreements, and we’re projected to have the second-fastest growth in the G7 this year and next.”
“Canada’s new government is capitalising on these advantages to drive billions in new investment into Canada,” he added.
The government said Canada continues to rank among the top destinations for foreign direct investment confidence and maintains the lowest net debt-to-GDP ratio in the G7.
Officials also pointed to Canada’s technology sector, highly educated workforce and access to global markets through 16 free trade agreements covering 51 countries.
The Prime Minister’s Office said the government’s investments and incentives are expected to support more than $1 trillion in total investment from public, private and institutional partners over the next five years.
