October 28, 2025
RED FM News Desk
Prime Minister Mark Carney met with top investors in Singapore on Tuesday as part of his first official visit to Asia, aiming to strengthen Canada’s investment and trade ties with the region.
The brief Singapore stop came between two major economic summits, where Carney is promoting Canada as a reliable partner for Southeast Asia and a prime destination for global investment.
Speaking to business leaders in Malaysia on Sunday, Carney said Canada has realized over the past year that “we need to build at scale at home.” He noted that the country requires roughly half a trillion dollars in new investment across sectors that align with Southeast Asia’s growing interests.
According to Global Affairs Canada, Singapore was the largest source of foreign direct investment from Southeast Asia in 2024, with $9 billion in Canadian holdings. The city-state is home to several global funds and investors with prior connections to Carney from his time in international finance.
During his meetings Tuesday, Carney sat down with senior executives from major sovereign wealth funds, including the Government of Singapore Investment Corp. and Temasek Holdings. Both firms have invested in Canadian ventures, including carbon capture and clean technology projects.
The Prime Minister’s Office said Carney used the meetings to highlight Canada’s potential in artificial intelligence, clean technology, critical minerals, and other large-scale nation-building projects—sectors he described as vital to the country’s economic future.
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