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.

Donald Trump is not joking when he says he'd like to make Canada the 51st state, Prime Minister Justin Trudeau said Friday, adding that the U.S. president's annexation plans are related to Canada's supply of critical minerals.

Trudeau made the remarks to more than 100 business, labour and industry leaders who were invited to an economic summit Friday in Toronto. His comments were made behind closed door