Trudeau to pitch investment in Canada at World Economic Forum

DAVOS, Switzerland - A new prime minister and a new Canada.

That's the message Prime Minister Justin Trudeau plans to deliver when he makes his entrance at the annual meeting of the World Economic Forum as he tries to rebrand Canada on the world stage.

See Full Article

He will do that through a keynote address today entitled, "The Canadian Opportunity," which will be delivered hours after a session called "Canada's global pivot."

Trudeau will reportedly frame Canada as a safe place to invest amid global economic uncertainty and a country that's more open for business than it was under the previous Conservative government.

The Canadian economy could use the global help.

When he took office, Trudeau's advisers told him that global trends - social and economic - would affect the domestic economy despite Canada's solid policy foundation and a well-educated population. His briefing binder says those international trends "could be occurring at a faster pace and on a larger scale compared to previous eras."

Those trends included more disruptive technologies, the declining financial influence of the West, aging populations in Canada and other countries that will put pressure on health care and government spending, and even the rise of the "sharing economy" that has placed "increasing pressure on traditional policy tools like regulations."

Copies of the documents were obtained by The Canadian Press under the Access to Information Act.

That disruption is part of the theme of this year's meeting in Davos: "Mastering the Fourth Industrial Revolution," which is focused on how technology is changing the way companies and businesses operate.

Trudeau is a political celebrity at the meeting and his officials want to take advantage of the doors that opens by getting him as much face time as possible with international power brokers.

Trudeau will meet executives from companies like Microsoft, Facebook, Shell, and will have a face-to-face meeting with billionaire George Soros. Five of his cabinet ministers will also be able to rub shoulders with some of the most influential and powerful political and business leaders in the world.



Advertisements

Latest Economic News

  • Walmart, J.B. Hunt truck operations sign up for Tesla's all-electric Semi

    Economic CBC News
    Walmart is planning to test Tesla's electric trucks in Canada and the U.S., it said Friday, just a day after the unveiling of the all-electric Tesla Semi. The retail giant becomes the second U.S. company to commit to trying the new technology as an alternative to diesel, after J.B. Source
  • Quebec biofuel company partners with Qantas in effort to cut emissions

    Economic CBC News
    A Quebec biofuels company has signed its first deal to power an airline's jets with energy grown from Canadian oilseeds. Agrisoma Biosciences Inc. of Gatineau will supply biofuel to Australia's Qantas Airways made from Carinata seed, a non-food, industrial type of mustard seed that produces oil suitable for aviation and diesel fuel. Source
  • Bombardier to hire 1000 workers in Montreal for Global 7000 business jet

    Economic CTV News
    Bombardier confirmed this morning that it will hire about 1,000 workers over the next 18 months for its new Global 7000 business jet. The workers will complete the interiors for the company's largest business aircraft. Source
  • Bombardier hiring 1,000 to work on Global 7000 aircraft

    Economic CBC News
    Bombardier is hiring about 1,000 workers in the Montreal area to work on its Global 7000 business aircraft program, the company said Friday. The company said the workers will be hired over the next 18 months for interior completion work on the aircraft. Source
  • Teck outlines plan to spend nearly $500 million on dividends, stock buybacks

    Economic CTV News
    VANCOUVER -- Teck Resources has announced plans to issue a special dividend to its shareholders, in addition to its regular dividend, and increase its share buyback program by $230 million. The diversified mining company, based in Vancouver, says the two measures are being taken because of Teck's strong cash position. Source
  • Why aren't drivers catching a break at the pumps?

    Economic CTV News
    There may be no fact of life more confounding to ordinary Canadians than gas prices. They seem to go up at the first whisper of climbing oil prices, but don’t fall nearly as fast when barrels of oil sell for less. Source
  • Thousands more names and companies revealed from Paradise Papers

    Economic CBC News
    The public will get a glimpse at the tens of thousands of names — including those of more than 3,000 Canadians and Canadian companies — in the Paradise Papers starting today. Key information from the huge leak of tax-haven financial records, including the names of offshore companies and the people behind them, is being made public by the International Consortium of Investigative Journalists (ICIJ), the Washington-based group that co-ordinated global reporting on the documents. Source
  • Bombardier announcement LIVE

    Economic CBC News
    Air Date: Nov 17, 2017 10:00 AM ET Source
  • 'Clock is ticking': EU leaders warn broadening of Brexit talks could be in doubt

    Economic CTV News
    GOTEBORG, Sweden -- European Union leaders warned Britain Friday that it must do much more to convince them that Brexit talks should be broadened to cover future relations and trade from December. At an EU summit in Sweden, Prime Minister Theresa May's government was urged to clarify how much Britain will pay in settlement of its financial accounts with the bloc and to ensure that there is no hard border created between Ireland and Northern Ireland. Source
  • Qantas signs long-term deal to power its jets with Canadian oilseeds

    Economic CTV News
    MONTREAL -- A Quebec biofuels company has signed its first deal to power an airline's jets with energy grown from Canadian oilseeds. Agrisoma Biosciences Inc. of Gatineau will supply biofuel to Australia's Qantas Airways made from Carinata seed, a non-food, industrial type of mustard seed that produces oil suitable for aviation and diesel fuel. Source