While in Norway, Prime Minister Carney attended the Canada-Nordic Summit, where he met with leaders from Denmark, Finland, Iceland, Norway, and Sweden to reinforce efforts to strengthen transatlantic security in the North. In a joint statement, the leaders outlined the deepened partnership between Canada and Nordic nations – in trade, technology, energy, and defence and security.
Norway is home to the world’s largest sovereign wealth fund with a value of over $3.5 trillion. In Oslo, the Prime Minister held meetings with business leaders to position Canada as a premier destination for international capital. As Canada diversifies its trade partnerships, accelerates major nation-building projects, builds out its defence capabilities, and attracts greater investment into its economy, Prime Minister Carney emphasised the opportunities to invest in Canada. Building on this momentum, Canadian company Champion Iron has recently announced that they are moving forward with the acquisition of Norwegian company Rana Gruber ASA, a leading producer of high-grade iron ore in Norway. The proposed transaction is for an estimated equity value of approximately $400 million.
Please visit this link for more information: https://www.pm.gc.ca/en/news/news-releases/2026/03/15/prime-minister-carney-deepens-cooperation-nordic-countries-defence