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Mark Carney states that Canada is negotiating a new economic partnership with the United Arab Emirates. The agreement is expected to attract billions of dollars in new investments for major infrastructure projects across Canada.
Carney also mentioned meeting His Highness Mohamed bin Zayed at the G7 summit, where they discussed ways to advance economic cooperation.
Carney has previously discussed Canada’s ambitious target of $1 trillion in new investment aimed at building a resilient economy. He also recently announced that over 12 million Canadians would receive a single GST/HST credit payment this month. The new agreement with the UAE follows these financial initiatives.