Canadian Prime Minister Mark Carney pledged on Wednesday that his government will keep pursuing record levels of foreign investment regardless of mounting trade pressure from the United States, pointing to historic capital inflows and fresh trade deals on multiple continents.<\/p>\n
Record investment levels<\/p>\n
\u201cThis year, foreign direct investment into Canada is already at its highest level in nearly two decades,\u201d Carney said at an event in Mirabel, Quebec. He added that on a per capita basis, Canada is attracting twice the rate of its nearest G7 competitor. \u201cWe\u2019re just getting started,\u201d he said.<\/p>\n
Expanding global trade ties<\/p>\n
Carney highlighted that Ottawa has signed over 20 economic and security partnerships across five continents in less than a year. He noted ongoing efforts to finalize free trade agreements with India, Thailand, the Philippines, ASEAN member states, and the Mercosur bloc\u2014including Argentina, Brazil, Paraguay, and Uruguay. Responding to questions on how Canada continues to draw capital amid global uncertainty, Carney said: \u201cIt\u2019s the moment to be bold, to build big, to have confidence, move forward, open up. That\u2019s what we\u2019re doing.\u201d<\/p>\n
American pressure and auto sector concerns<\/p>\n
\u201cWe\u2019ll continue to get that investment despite the efforts of the Americans,\u201d Carney stated. His remarks came amid reports that Honda is indefinitely suspending plans for a $15-billion electric vehicle plant in Ontario\u2014a potential setback for the government\u2019s investment narrative. Asked if Ottawa had been informed, Carney said: \u201cWe\u2019re in constant contact with all the major automakers. And that includes Honda, so we\u2019re in discussions with them constantly.\u201d<\/p>\n
Aerospace boost from Airbus deal<\/p>\n
At the Mirabel event focused on Quebec\u2019s aerospace sector, Carney welcomed an agreement between Airbus and AirAsia to purchase 150 Airbus A220-300 aircraft, calling it \u201cthe largest order for a Canadian-designed and produced aircraft in history.\u201d Every plane will be assembled at Airbus Canada\u2019s Mirabel facility, which employs over 4,600 workers and is the company\u2019s largest commercial aircraft manufacturing site outside Europe.<\/p>\n
Lighthearted moment on hockey<\/p>\n
Asked about the importance of the Montreal Canadiens\u2019 playoff run, Carney joked: \u201cHow important is the Habs run? I mean, there\u2019s not much more important.\u201d He added that he looks forward to \u201ccalling the president of the United States and sending him his Habs jersey.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Canadian Prime Minister Mark Carney pledged on Wednesday that his government will keep pursuing record levels of foreign…\n","protected":false},"author":2,"featured_media":34913,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[11816,15381,17,735,4665,383,111,401,734],"class_list":{"0":"post-34912","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mark-carney","8":"tag-aerospace","9":"tag-airbu","10":"tag-canada","11":"tag-carney","12":"tag-foreign-investment","13":"tag-investment","14":"tag-mark-carney","15":"tag-trade","16":"tag-us"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/34912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=34912"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/34912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/34913"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=34912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=34912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=34912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}