# Carney's $120 trillion pitch to the world

> With Trump squeezing Canada out of the US market, Mark Carney is asking global money managers to bet on Canada itself.
- Title: Carney's $120 trillion pitch to the world · ABC News
- Summary: With Trump squeezing Canada out of the US market, Mark Carney is asking global money managers to bet on Canada itself. Canada's old selling point was easy…
- Keywords: canada, trade war, investment, mark carney, tariffs, news, Carney's, 120, trillion, pitch, world, ABC News
- Source: ABC News — https://abcnews.com/International/wireStory/carney-pitches-canada-global-investors-trump-pull-investment-136414852
- Author: ABC News
- Read time: 1 min
- Topics: canada, trade war, investment, mark carney, tariffs, news
## Money moves north
Trump wants factories and capital to relocate into the United States. Carney is betting he can pull billions the other way, into Canada.
## 300 CEOs in Yorkville
About 300 CEOs and senior executives gather at the Four Seasons in Toronto this week for Carney's Canada Investment Summit. Together their firms manage more than $120 trillion.
## What Canada is selling
Carney is pitching energy and critical minerals, an educated workforce, and trade deals that reach roughly 1.5 billion consumers.

> Canada is about so much more than being next to the United States. We have what the world wants.
## He knows this room
Carney ran the central banks of Canada and England, spent 13 years at Goldman Sachs, and chaired the boards of Bloomberg L.P. and Brookfield Asset Management.
## The private meetings
On Monday he meets the CEOs of Macquarie Group, whose asset arm is the world's largest infrastructure investor, and Singapore's state-owned Temasek Holdings.
## Nothing closes this week
A Canadian official called it the largest gathering of investment decision-makers ever held in Canada, but said real results should take 12 to 18 months.
## The trade war backdrop
Talks collapsed Aug. 21. Trump hit about $20 billion in Canadian goods with 50% tariffs, Canada retaliated, and Washington then banned some imports and shut Canada out of long-term federal contracts.
## Trust as the product
Carney's counter-pitch is stability. He told business leaders Canada's greatest strength was something that cannot be found on any balance sheet: trust.

> That combination is pretty rare in the world. And it's an attractive combination.
## Next stop, Europe
BlackRock's Larry Fink and Blackstone's Jon Gray headline a public session, Stephen Harper closes the summit, then Carney addresses the European Parliament.

> The conversation about Canada is changing.
## Key takeaway

Canada's old selling point was easy access to the US market. Carney is trying to replace it with a new one: predictability.