G7 leaders head to Canada
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6hon MSN
When U.S. President Donald Trump last came to Canada for a Group of Seven summit, the enduring image was of him seated with his arms folded defiantly as then-German Chancellor Angela Merkel stared daggers at him.
The president’s first international summit of his second term comes ahead of a new tariff deadline and amid a Middle East crisis.
While the UK is an important trading partner for Canada, it represents only a small share of Canada's exports. In 2024, the UK represented 3.6% of exports and 1.2% of imports for the country, according to the Conference Board of Canada. Exports to the UK are mainly dominated by gold and energy products.
Leaders from U.S. trading partners hope face time with President Trump in Canada can serve as a breakthrough for stalled negotiations.
As the G7 group of large democratic nations with big economies meets Sunday in Alberta, Canada they have a broad agenda in the midst of global economic and military turmoil.
Canada will also support Britain’s efforts to join the Comprehensive and Progressive Trans-Pacific Partnership, according to a joint statement from the two prime ministers, released Sunday. The U.K. has been seeking to join the 12-member free trade pact since 2021, and needs the support of other members.
Canada is preparing to host the G7 summit. Prime Minister Mark Carney aims to reshape Canada's global image. Discussions will include trade tensions, new alliances, and Canada's role in a changing world.
Canada’s economy is stuck in a state of “suspended animation,” with major new investments largely on hold, but may start to recover in the coming months, according to the head of one of the country’s largest banks.