Carney Positions Canada as a Global Investment Safe Haven Amid Geopolitical Uncertainty

Prime Minister Mark Carney has positioned Canada as a “safe harbour” for major global investors seeking stability amid geopolitical and economic uncertainty.

Addressing more than 100 investors and sovereign wealth fund representatives at a major summit in Toronto, Carney described the country as “perfectly situated to build in the new global economic order.”

The attendees collectively represent over C$120 trillion ($86 trillion; £64 trillion) in assets. Carney hopes to channel their investment into defence, energy, mining, artificial intelligence, and infrastructure.

Ottawa is pitching more than 160 projects — spanning data centres to pipelines — and aims to use this interest to help Canada navigate its ongoing trade dispute with the United States.

Tensions with its largest trading partner have driven Carney to deepen ties with Europe, Asia, and the Middle East, reducing Canada’s reliance on its southern neighbour.

“Our goal is simple: to make Canada the most attractive place in the G7 to invest,” Carney said on Tuesday morning.

As part of the strategy, Carney announced plans to privatise operations at four of the country’s largest airports, expecting to raise billions of dollars for reinvestment in transport infrastructure.

Many of the business leaders at the Toronto event received personal invitations from the prime minister, who spent years at the highest levels of global finance and served as a central banker before entering politics.

Much of the day’s business will occur in private sessions and bilateral meetings.

Public panels will feature speakers including Deutsche Bank CEO Christian Sewing, Bombardier executive Eric Martel, BlackRock CEO Larry Fink, and Blackstone president Jon Gray.

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