Carney Pitches Canada as a Haven of Investment Stability in a Chaotic World

Carney Pitches Canada as a Haven of Investment Stability in a Chaotic World - The New York Times

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Carney Pitches Canada as a Haven for Investors Amid a U.S. Trade War

Prime Minister Mark Carney brought together in Toronto about 100 money managers overseeing much of the world’s wealth to promote Canada as an ideal place to invest.

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!Mark Carney in a blue suit at a podium in front of an audience. A teleprompter stands beside the podium.

*Prime Minister Mark Carney delivering opening remarks during the start of the second day of the 2026 Canada Investment Summit in Toronto.

Credit...

Nathan Denette/The Canadian Press, via Associated Press*

By

Ian Austen

Reporting from Ottawa

Sept. 15, 2026

Updated 2:42 p.m. ET

Prime Minister Mark Carney gathered roughly 100 money managers from about 25 countries, including the United States, in Toronto on Tuesday to explain why they should invest more of the trillions of dollars they control in Canada. The core of his message was that Canada is a stable and trustworthy alternative to its neighbor.

Mr. Carney’s event, the first Canada Investment Summit, is one of a series of moves he is making to distance his country’s economy from the United States while President Trump wages a trade war and denigrates Canadian sovereignty. But he also went out of his way to emphasis that despite the current state of relations, Canada is not giving up on the United States as an economic partner, nor can it do so.

“To our American friends, let me say this: we will always be neighbors,” Mr. Carney said. “And Canada will continue to be the U.S.’s most important partner in many key areas.”

He added: “These arrangements work best when we engage as true partners that respect each other’s traditions and sovereignty. And when those opportunities return, Canada will be an even better partner.”

Growing interest in Canada as an investment destination no doubt helped lure the fund managers to the investment summit. But the growing global stature of Mr. Carney, a former central banker and finance executive, appears to have been another reason money managers overseeing much of the world’s wealth accepted Canada’s invitation to a daylong sales pitch.

“The profile of the prime minister in this moment was part of the attraction,” said Deborah K. Orida, the president and chief executive of PSP Investments, which manages the pension funds of Canada’s public servants, as well as a Canadian government investment fund. Ms. Orida, a host of the gathering, once worked at Goldman Sachs, as did Mr. Carney.

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