Politics
Canada turns from US toward Europe as Carney opens trillion-dollar investment push
September 13, 2026 at 04:55 AM
After bilateral trade talks collapsed, PM Mark Carney is pivoting Canada's economy toward Europe while seeking a trillion dollars in new investment to reduce reliance on Washington.
- Carney will host about 200 financial executives in Toronto next week, seeking to direct a trillion dollars into 167 projects including pipelines, nuclear power and AI data centers.
- Canada and the European Union are discussing granting Ottawa associate-member status, covering cooperation in energy, AI, critical minerals, semiconductors and defense.
- Carney said Canada faces a "rupture, not a transition" in its relationship with the United States.
- Canada is negotiating to buy German submarines worth up to 25 billion dollars to cut reliance on US defense technology.