The sovereign wealth fund announced by Prime Minister Mark Carney will be far smaller than ones in other oil producers like Norway and the Middle East.
Trump and other American presidents have criticized Canada for failing to meet the alliance’s military spending minimum of 2 percent of gross domestic product.
Canada’s prime minister chooses pragmatism in a turbulent world, which means doing business with countries that do not share Canada’s democratic values. Some critics see this as weakness.
Prime Minister Mark Carney said Canada would build three bases in the region. The government also plans to improve infrastructure and airports in the north.
The prime minister visited India, Australia and Japan to sell Canada to foreign investors and call for middle powers to unite, as the United States and Israel attacked Iran.
The Canadian prime minister is touring the Asia-Pacific to rejuvenate alliances in the wake of the U.S. trade war and President Trump’s calls for Canada’s annexation.
Prime Minister Mark Carney focused on business during a meeting with his Indian counterpart, Narendra Modi, with little mention of India’s alleged role in a deadly shooting in 2023.