Carney says international meetings are ‘necessary’ to opening new markets

On a four-day trip to London, Carney said his meeting with British Prime Minister Keir Starmer was to ensure the two leaders are on track to make progress on economic and security measures they agreed to during a June meeting in Ottawa. This includes how the two countries can work together to address international priorities like the wars in Ukraine and Gaza.

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“We are going to invest hundreds and hundreds of billions of dollars over the course of the next decade to create hundreds of thousands of careers for Canadians and long term prosperity,” Carney said. “Part of that investment, part of the money for that investment, is going to come from abroad.”

Carney met with British, Asian, European and African investment firms in London Saturday morning.

The prime minister said part of the meeting was about telling the investors about major infrastructure projects being built in Canada and the ways the country is looking to court more global capital.

“The discussions I had in New York, and here, are discussions about the overall investment climate, not specific transactions or investment deals,” Carney said.

The prime minister added these talks are also about learning more about how Canada is perceived and what the country can do to raise its investor profile.

Conservative Leader Pierre Poilievre said on social media that this trip is “nothing but Liberal showbusiness” and Carney should be more focused on domestic issues like crime and affordability.

“So Carney gets nothing for Canada in his costly trip to the U.K. British blockade of Canadian beef remains in place and no new trade deal,” Poilievre wrote.

Since taking office, Carney has emphasized the need for Canada to lessen its economic and security reliance on the U.S. in response to tariffs imposed by President Donald Trump.

Prime Minister Mark Carney and wife Diana Fox Carney arrive at 10 Downing Street in London on Friday, Sept. 26, 2025. THE CANADIAN PRESS/Sean Kilpatrick

Earlier this week, Trump announced plans to impose a 100 per cent tariff on branded pharmaceuticals starting Oct. 1, unless drug manufacturers are building factories in the U.S.

Carney brushed this latest tariff off as likely having little effect on Canadian exports.

“The vast majority of Canadian pharmaceutical exports to the United States are generic pharmaceuticals. So on the face of it (Canadian drugs) would not be affected by this,” Carney said.

While Saturday started with a working breakfast, Carney’s London trip shifted from business to pleasure Saturday afternoon.

The prime minister is attending the Women’s Rugby World Cup final, where Canada is facing the top-seeded English team.

“I’m very excited,” Carney said before the game. “This is a match for the ages. It looks like it’s shaping up well.”

If Canada wins this rematch of the 2014 final, it will be the country’s first women’s rugby world title.

Carney has had 13 foreign visits since becoming prime minister in March and will travel to Asia and Africa later this fall.

This report by The Canadian Press was first published Sep. 27, 2025.