Title: Canada’s Stability to Attract Foreign Investment, Says Joly

Industry Minister Mélanie Joly announced that Canada will leverage its reputation for stability to attract more foreign investment. Speaking at the Canadian Club in Toronto, Joly outlined the federal government’s industrial strategy aimed at protecting and enhancing key sectors in the country.

Joly emphasized that the ongoing tariff campaign by the United States is disrupting global trade flows. As a result, investors are increasingly seeking certainty in their investment decisions. "Canada’s reputation for good governance makes it a stable place to invest," she stated.

To improve the business environment for foreign firms, Joly mentioned that Canada plans to reduce bureaucratic hurdles and expedite approval processes. This initiative aims to create a more favorable investment climate for long-term commitments from international companies.

Additionally, Joly highlighted that Ottawa intends to become a significant buyer from Canadian firms. The government is also working to expand new markets for domestic exports, particularly to meet the rising demand for defense products among NATO allies.

Earlier this week, Joly was in Washington with Prime Minister Mark Carney, where they engaged with the U.S. administration. She reiterated that the federal government is focused on safeguarding industries such as steel and automotive, which continue to be affected by American tariffs.

This strategy reflects Canada’s commitment to fostering a stable and attractive investment landscape amid global economic uncertainties.