Prime Minister, Mark Carney,..

Prime Minister Carney to hold winter Cabinet Planning Forum focused on the economy, affordability, and security

January 21, 2026
Ottawa, Ontario

Today, the Prime Minister, Mark Carney, announced that Canada’s new government will hold a Cabinet Planning Forum in Québec City, Québec, from January 22 to 23, 2026.

The meeting will focus on the government’s core mission to build a stronger, more sustainable, and more independent Canadian economy that benefits everyone. Cabinet ministers and secretaries of State will discuss progress on the seven priority missions laid out by the Prime Minister in their Mandate Letter and determine priorities for delivering change in the year ahead. In particular, the Prime Minister and Cabinet will focus on next steps in the government’s plan to bring down everyday costs and make life more affordable for Canadians.

At the Planning Forum, Cabinet will hear from leading experts across government, finance, community services, advanced technology, and global affairs. They will provide insights into the current global landscape and help identify emerging opportunities for Canadian leadership.

Working together, the Prime Minister and his Cabinet will continue to diversify our partnerships abroad and build our strength at home to deliver greater stability, security, and prosperity for Canadians.

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• Cabinet

Prime Minister Carney builds resilient partnerships and attracts new investments at the World Economic Forum Annual Meeting

January 21, 2026
Davos, Switzerland

As the global economy shifts, Canada’s new government is focused on what we can control: we are diversifying our trade partnerships and attracting massive new investments to build a stronger, more sustainable, more resilient economy.

As part of this mission, the Prime Minister, Mark Carney, participated in the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland. The WEF Annual Meeting brings together nearly 3,000 leaders from government, business, academia, and international organisations, representing more than 130 countries.

On January 20, the Prime Minister delivered a special address in which he outlined Canada’s approach of principled and pragmatic engagement. He argued that in an era of great power rivalry, middle powers like Canada are not powerless – that we can shape the outcomes we want by acting together.

In Switzerland, Prime Minister Carney met with the President of France, Emmanuel Macron, the Secretary General of the North Atlantic Treaty Organization (NATO), Mark Rutte, and the Prime Minister of Sweden, Ulf Kristersson, to discuss the changes in global trade and security. He focused on maintaining international support for a strong, independent, and sovereign Ukraine, highlighting recent advancements to achieve a just and lasting peace, and outlined Canada’s roadmap for strengthening existing relationships and building a web of resilient new trade networks.

The Prime Minister reaffirmed the fundamental principles of sovereignty and territorial integrity, and that decisions on the future of Greenland are for Greenland and Denmark to make. In meetings with European leaders, the Prime Minister expressed his strong opposition to tariffs over Greenland, calling for focused talks to achieve the shared objectives of security and prosperity for the Arctic. He outlined ongoing efforts by Canada to increase investments in Arctic defence, security, and infrastructure, and maintained that the most effective way to ensure Arctic security is by working within the NATO Alliance.

At the Annual Meeting, the Prime Minister discussed the Gaza Board of Peace and appreciated President Trump’s leadership in bringing the conflict in Gaza to an end, including through the declaration of Phase Two.

To catalyse massive investment in Canada, the Prime Minister met with business leaders from companies with a combined market capitalisation of approximately $10 trillion – representing immense potential for new investments in Canada’s infrastructure, energy, manufacturing, and defence sectors. He emphasised Canada’s competitive advantages in clean and conventional energy, defence, agriculture, AI, quantum computing, and health technology – and its role as a premier destination for global capital and investment. He underscored Canada’s mission to unleash $1 trillion in investment over the next five years, while building a stronger, more sustainable, and globally competitive economy.

The Prime Minister’s participation at the WEF Annual Meeting builds on his latest engagements in the People’s Republic of China, where he launched a new strategic partnership across energy, agri-food, and financial services, and in Qatar, where he secured a new partnership to expand trade, attract investment, and accelerate bilateral defence cooperation.

In an increasingly uncertain world, Canada’s new government is focused on what we can control. We are leveraging trade, investment, and resilient partnerships that will generate meaningful opportunities at home and build a stronger, more independent Canadian economy.

Quote

“Nostalgia is not a strategy. While the old world is not coming back, from its fracture, Canada can build something better, stronger, and more just. In just five days, we reached a new agreement with China that will unlock $7 billion in export markets, secured a new partnership with Qatar to invest in major projects and deepen trade and defence ties, and engaged with leading global investors to choose Canada. Canada’s new government is building our strength at home and engaging with principle and pragmatism – diversifying our trade and attracting massive new investment – to build Canada strong.”

— The Rt. Hon. Mark Carney, Prime Minister of Canada

Quick facts

• This was Prime Minister Carney’s first participation in the WEF Annual Meeting as Prime Minister.
• The Prime Minister was accompanied at the WEF Annual Meeting by the Minister of Foreign Affairs, Anita Anand, the Minister of Finance and National Revenue, François-Philippe Champagne, the Minister of Industry and Minister responsible for Canada Economic Development for Québec Regions, Mélanie Joly, and the Minister of International Trade, Maninder Sidhu.
• Canada is building a trading network that is the envy of the world, with preferential access to 1.5 billion consumers across 16 free trade agreements, 51 countries, and two thirds of global GDP.
  • Canada has secured a dozen international trade and security partnerships on four continents in six months.
• Canada is AAA-rated, has the lowest net debt-to-GDP ratio in the G7, and ranks number one in the G7 for banking stability and number two globally for foreign direct investment (FDI) confidence.
• Canada has the lowest marginal effective tax rate (METR) on new business investments in the G7.
• Together, the first and second tranches of projects referred to the Major Projects Office represent a combined potential investment of more than $116 billion in our economy and will create thousands of well-paying careers for Canadians.

Related products

• Prime Minister Carney meets with President of France Emmanuel Macron
• Prime Minister Carney meets with Secretary General of NATO Mark Rutte
• Prime Minister Carney meets with Prime Minister of Sweden Ulf Kristersson

Associated links

• World Economic Forum Annual Meeting 2026
• Canada-Switzerland relations
• Prime Minister Carney forges new strategic partnership with the People’s Republic of China focused on energy, agri-food, and trade
• Prime Minister Carney secures new partnership with Qatar to increase trade, investment, and defence cooperation

 

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Dear MARIA,   In today’s edition, we highlight: Global Economy Weathers Tariff Shock World Economic Forum: AI Power Play, No Referees   F&D: Inside the AI-Led Resource Race Podcast: How Do You Measure the Economy GLOBAL ECONOMY Global Economy Weathers Tariff Shock Amid Tech-Driven Boom “Global growth has been impressively resilient amid trade disruptions, but this masks underlying fragilities tied to the concentration of investment in the tech sector,” wrote the IMF’s Pierre-Olivier Gourinchas and Tobias Adrian in a blog.   According to the IMF's latest projections, global growth will hold steady at 3.3 percent this year, an upward revision of 0.2 percentage points compared to October estimates, with most of the improvement accounted for by the United States and China.   A major driver has been the surge in IT investment—especially in AI—which is boosting overall business investment and activity. While this boom has been concentrated in the U.S., it is also generating positive spillovers globally, most notably in Asia’s technology exports.   At the same time, economies are facing major risks. Investment and market optimism are increasingly focused on the tech sector, raising concerns about leverage, asset valuations, and the potential fallout if returns disappoint or financial conditions tighten. In addition, “the negative growth effects of trade disruptions are likely to build up over time,” they noted. Read the Blog WORLD ECONOMIC FORUM 2026 AI Power Play, No Referees   A tsunami is hitting the labor market, said the IMF's Managing Director Kristalina Georgieva, speaking at the World Economic Forum's annual meeting in Davos. "Even in the best prepared countries, I don't think we are prepared enough," she added.     The panel discussion, which focused on how AI is reshaping the global economy, also featured Microsoft President Brad Smith, Saudi Arabia's Investment Minister Khalid Al-Falih, and India's Minister of Electronics and Information Technology Ashwini Vaishnaw.     Georgieva highlighted IMF research, which shows that 40 percent of jobs are already affected (negatively and positively). "AI is quickly reshaping economies. Some roles grow; others disappear. We must invest in skills and prepare communities," she noted.    According to Microsoft data, "generative AI is used by 25 percent of the population in the global North, but only 14 percent in the global South, and the gap is getting wider," said Smith. He also emphasized that AI will only close the global digital divide if we embark on building infrastructure across the global South.   The panelists agreed that governments need to invest more in upskilling people across the globe. For every one data scientist in Africa, there are 14 in Europe. Watch the Discussion F&D MAGAZINE Inside the AI-Led Resource Race (Credit:Getty Images/Bloomberg) Artificial intelligence is often cast as a technology that lives in the cloud and thinks in code. But behind every chatbot or image generator lie servers that draw electricity, cooling systems that consume water, chips that rely on fragile supply chains, and minerals dug from the earth, Thijs Van de Graaf writes in F&D.   The largest data centers have power needs in the tens of megawatts, at the scale of a small city. Amazon, Microsoft, Google, and Meta already run hundreds worldwide, but the next wave is far larger, with projects at gigawatt scale.   “The contest in algorithms is just as much a competition for energy, land, water, semiconductors, and minerals,” Van de Graaf writes. “Supplies of electricity and chips will determine how fast the AI revolution moves and which countries and companies will control it.” Read the Article PODCAST   The Economy - How Do You Measure That?  When Jim Tebrake sat down with IMF Chief Statistician Bert Kroese, he started with a seemingly simple question: how do we measure the economy? They discussed how economic statistics, such as GDP and inflation, are estimated; why these numbers are not simple counts; and why understanding how data are constructed is essential for interpreting them correctly.   This is the first episode of The Economy—How Do You Measure That? It explores how statisticians and economists measure economic activity as economies evolve. Watch Here Thank you very much for your interest in the Weekend Read! Be sure to let us know what issues and trends we should have on our radar.  Noha Elbadawy  Editor | IMF Weekend Read   nelbadawy@IMF.org Stay connected with the International Monetary Fund:       This email was sent to politikimx@gmail.com on behalf of: International Monetary Fund 1900 Pennsylvania Ave NW · Washington, DC · 20431