Carney to visit New York to pitch Canada as an 'investment destination'

Carney will visit New York from May 27 to 28 and is expected to meet chief executives, entrepreneurs and capital managers, according to a statement from the Canadian government.

The prime minister will also speak at the Economic Club of New York, where he is set to outline the government’s economic strategy and efforts to position Canada as a competitive destination for global investment.

The government said it aims to help catalyse C$1 trillion ($730 billion) in investment over the next five years through public incentives and infrastructure spending.

Ottawa has increasingly promoted Canada’s critical minerals reserves, energy sector and technology industries as part of a broader strategy to strengthen economic growth and reduce vulnerability to global instability.

The government said Canada currently has 22 major infrastructure and resource projects under development through its Major Projects Office, representing more than C$126 billion in investments across sectors including electricity, liquefied natural gas, nuclear energy and transportation.

“Canada has what the world wants,” Carney said in a statement, describing the country as an “energy superpower” with strong fiscal fundamentals and growing investment opportunities.

Canada has also highlighted its trade access through 16 free trade agreements covering 51 countries and its relatively low debt-to-GDP ratio among G7 economies.