Mark Carney urges global funds to eye Canada as US tariffs tighten

Hundreds of senior investors, whose portfolios total close to $120 trillion, are converging on Toronto for the Canada Investment Summit, where former Bank of Canada governor Mark Carney will make a high‑profile pitch for the country’s markets, Al Jazeera reported.

Carney, now a senior adviser on financial stability, plans to highlight Canada’s stable political climate, abundant natural resources and growing tech sector as a counterweight to the uncertainty created by the United States’ ongoing trade war. He will argue that Canadian equities and bonds offer a relatively insulated haven for capital that is increasingly wary of heightened tariffs on steel, aluminum and other commodities imposed by Washington since 2025.

The summit, organized by the Canada‑U.S. Business Council and the Toronto Stock Exchange, is expected to feature panels on green energy financing, digital infrastructure and cross‑border supply‑chain resilience. While the event’s agenda is still being finalized, the presence of asset managers from firms such as BlackRock, Vanguard and State Street signals the scale of interest in Canadian assets.

The broader context is a trade dispute that has seen the United States levy new duties on a range of imports from its northern neighbor, prompting Canadian exporters to seek alternative markets. Historically, Canada has relied heavily on the U.S. for about 75 % of its trade, and the tariffs have pressured policymakers to diversify both export destinations and sources of foreign capital. By courting global investors, Canada hopes to offset potential revenue shortfalls and fund strategic projects in renewable energy and digital innovation.

Analysts note that investment summits of this kind can serve as a catalyst for large‑scale fund allocations, especially when they coincide with favourable policy signals such as tax incentives for foreign direct investment. If Carney’s outreach succeeds, Canada could see a measurable uptick in foreign inflows, bolstering its fiscal position ahead of the next federal budget.

The Toronto gathering comes at a time when many institutional investors are reassessing risk exposure in North America. As the US‑Canada trade friction persists, the summit may become a pivotal forum for shaping the next wave of capital flows into the Canadian economy.