Prime Minister Mark Carney met with potential investment partners in Singapore on Tuesday as his first official visit to Asia entered its second phase.
The brief stopover in Singapore comes between Carney’s trips to two economic summits, where he is pitching Canada as a reliable trading partner for Southeast Asia and as an attractive place for investment.
On Sunday, he told a business audience in Malaysia that Canada has learned over the last year that “we need to build at scale at home.” He said Canada needs roughly half a trillion dollars in investment “in many of the areas that I think many of the investors and businesses here would find attractive.”
Global Affairs Canada said Singapore led Southeast Asia as the region’s biggest source of foreign direct investment in Canada in 20

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