US President Donald Trump wants factories and investment moving south to the United States. Canadian Prime Minister Mark Carney is betting he can make billions flow north.
About 300 CEOs and senior executives from some of the world’s biggest investment firms will descend on the Four Seasons in Yorkville, a tony Toronto enclave of high-end restaurants and designer boutiques, for Carney’s Canada Investment Summit this week.
The investors collectively manage more than $120 trillion in assets, underscoring the scale of capital Carney hopes to tap as Canada tries to attract billions in new investment and reduce its economic dependence on the United States.
“Canada is about so much more than being next to the United States,” Carney said. “We have what the world wants.”
Carney pointed to Canada’s vast energy and critical-mineral resources, its highly educated workforce and trade agreements that give businesses based in Canada access to roughly 1.5 billion consumers around the world.
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