Key Developments
On 25 October 2026, the Prime Minister of Canada said Mark Carney would host a Canada-EU Summit in Montréal, while the Prime Minister of Canada also announced a visit by Abu Dhabi Crown Prince Khaled bin Mohamed bin Zayed Al Nahyan to advance Canada-UAE economic and security ties.
Key Statistics
- US$178 billion in Canada-EU trade value cited by the Prime Minister of Canada
- US$219 billion in EU foreign direct investment stock in Canada cited by the Prime Minister of Canada
- US$315 billion in Canadian investment in the EU cited by the Prime Minister of Canada
- C$3.5 billion in Canada-UAE two-way trade cited by the Prime Minister of Canada
- C$2.8 billion in Canadian exports to the UAE cited by the Prime Minister of Canada
- 60,000 Canadians living in the UAE cited by the Prime Minister of Canada
- 150 Canadian companies operating in the UAE cited by the Prime Minister of Canada
Main Body
On 25 October 2026, the Prime Minister of Canada announced that Prime Minister Mark Carney would host a Canada-EU Summit in Montréal on 29-30 October to advance a new partnership focused on trade, security and opportunities for citizens. The same day, the Prime Minister of Canada said Carney would welcome Abu Dhabi Crown Prince Khaled bin Mohamed bin Zayed Al Nahyan to Canada to strengthen economic and security cooperation with the United Arab Emirates.
The Prime Minister of Canada said the Montréal summit was intended to build on existing Canada-EU cooperation and support Canada’s role in European initiatives, including the SAFE initiative for defence industries. On the UAE track, the Prime Minister of Canada said Canada and the UAE had negotiated a Comprehensive Economic Partnership Agreement in record time and were focusing on sectors including defence, energy and technology.
The announcements followed related diplomacy earlier in October. On 12 October 2026, Global Affairs Canada said Foreign Affairs Minister Anita Anand would travel to India and the UAE to strengthen bilateral relations, and on 16 October 2026, Global Affairs Canada said Anand met Sheikh Abdullah bin Zayed Al Nahyan to discuss Canada-UAE ties. On 13 October 2026, the Prime Minister of Canada also said Carney and Indian Prime Minister Narendra Modi discussed finance, defence, artificial intelligence and work toward a trade agreement.
The practical significance was economic and security alignment across Europe and the Gulf. The Prime Minister of Canada cited major Canada-EU trade and investment flows, while the Prime Minister of Canada cited substantial Canada-UAE trade, exports and Canadian commercial presence in the Emirates. Together, the two announcements showed Ottawa using summit diplomacy and leader-level visits to expand markets, reinforce defence-industrial links and deepen security relationships.
