Canada to Sign $1-Billion Critical-Minerals Deal with UAE, PM Carney Reveals

Prime Minister Mark Carney announced that investors from Canada and the United Arab Emirates are close to sealing a deal worth over $1 billion to enhance the processing of critical minerals in Canada. The agreement, part of Carney’s trade mission to the Gulf region, is expected to be finalized soon. Carney shared this news during a speech to a business audience in Abu Dhabi, where he also revealed the UAE’s plan to invest $70 billion in Canada. Describing this move as a ‘powerful vote of confidence in our economy,’ Carney hailed it as a significant step towards forging a new strategic partnership.