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“With Canada, there’s trust,” Canada's Minister of International Trade Maninder Sidhu says at Bloomberg's New Economy Forum. He describes Canada as a reliable partner that can offer businesses greater certainty amid growing trade headwinds. (Source: Bloomberg)
Canada will fast track the approval process for a new proposed crude oil export pipeline to its west coast that could generate over C$20 billion (US$14 billion) a year in GDP, Prime Minister Mark Carney said on Thursday. The pipeline, which was announced in July, is a crucial part of Carney’s bid to diversify the economy away from the United States and help lessen the effect of US President Donald Trump’s tariffs. Carney said Ottawa would officially list the Pacific Link pipeline as a project...
As trade ties with the US continue to fray, Canada is seeking a new role and new partners in the increasingly fragmented global economy. Prime Minister Mark Carney has been courting more foreign investment as well as closer ties with the European Union and Asian economies.
Canada’s need to expand trade with Europe and Asia is a driving force behind a major new package of regulatory and permitting reforms, the country’s transportation minister said.
Canadian International Trade Minister Maninder Sidhu says Canada is working to reduce its reliance on the US by expanding trade partnerships in Asia and other global markets. (Source: Bloomberg)
China sharply increased its imports of crude oil and liquefied natural gas (LNG) from Canada in August amid an escalating trade dispute between Ottawa and Washington. The country’s imports of Russian energy products also rose sharply last month, as geopolitical risks including war in Iran accelerated Beijing’s efforts to diversify its energy supplies. Customs data released on Sunday showed that the volume of China’s crude oil imports from Canada rose nearly 35 per cent year on year in August,...
Ties between Canada and the European Union have been getting closer as trade dispute with the US continue.
Prime Minister Mark Carney pitched Canada as an investment haven on Tuesday at a gathering of global financial elite but conceded ties with the US remained crucial despite an escalating trade war. Carney convened the Canada Investment Summit as part of his push to diversify an economy he insists had grown too reliant on an increasingly protectionist US. The guest list for the event in Toronto included representatives of Gulf sovereign wealth funds, European banks, the China Investment...
The prime minister is hosting a major global investment summit, with the goal of attracting investment amid a trade war with the US.