The federal government is hosting a summit in Toronto today aimed at bolstering the economy in the face of Canada’s rapidly changing relationship with its largest trading partner. U.S. President Donald Trump’s plan to impose sweeping tariffs this week has been put on pause until March 4.

With Canada not yet out of the woods when it comes to U.S. tariffs, Prime Minister Justin Trudeau is meeting with Canadian business and labour leaders this morning in Toronto to chart a way forward.

The Prime Minister, Justin Trudeau, today announced the Canada-U.S. Economic Summit, a landmark event hosted with members of the Council on Canada-U.S. Relations to galvanize business and investment across Canada. The Summit will take place in Toronto, Ontario, on February 7, 2025.

Prime Minister joins business and labour leaders to craft a long-term prosperity agenda, with new investment and trading partners for Canada

With the threat of punishing tariffs still hovering over the Canadian economy, Prime Minister Justin Trudeau announced the government will host a Canada-U.S. Economic Summit later this week, aimed at increasing investment and easing internal trade barriers.

The summit aims to boost Canada’s economy, expand domestic trade, diversify export markets, and address productivity challenges. Trudeau emphasized that it would also strengthen coordination among key partners.

Prime Minister Justin Trudeau will host a Canada-U.S. economic summit in Toronto on Friday, days after President Donald Trump said he would hold off on deploying his threatened tariffs against Canada for a month.