The Prime Minister announced a new cooperative prosperity partnership aimed at building a stronger, more sustainable economy. The announcement was made alongside the Premier of British Columbia, David Eby, highlighting a collaborative effort to foster economic growth.

Bilateral Meetings with the Philippines

The Prime Minister engaged in a series of diplomatic engagements with the President of the Philippines, Ferdinand Marcos Jr., and the First Lady, Louise Araneta-Marcos. The agenda included a formal meeting, a working luncheon, and a joint media availability to discuss shared interests.

Key Events and Schedule

The day's events were structured around several key activities, ranging from public announcements to private discussions. Below is a summary of the scheduled engagements:

Community Engagement

The visit included a tour of a local community business with President Marcos Jr., underscoring the importance of grassroots economic connections. This event provided a pooled photo opportunity for media representatives.

Prime Minister Mark Carney announced he will travel to Ankara, Türkiye, from July 6 to 8, 2026, to participate in the 2026 NATO Summit, followed by a bilateral visit to Saudi Arabia from July 8 to 10, 2026. The visits aim to deepen Canada's partnerships in defence, trade, and technology, reinforcing the country's sovereignty and role as a reliable ally. Canada has achieved NATO's 2% defence expenditure target and is on track to meet the 5% target by 2035, marking the largest increase in defence investment in a generation.

Strengthening NATO alliances

At the NATO Summit, the Prime Minister will focus on strengthening Canada's contributions to the alliance and forging new partnerships with allies. Key initiatives include building shared security, particularly in defence of Ukraine, and maintaining the largest sustained military presence in Europe in over 30 years through Operation REASSURANCE. Canada has also become the first non-European member of the European Union's Security Action for Europe (SAFE) initiative.

Expanding trade with Saudi Arabia

During his visit to Saudi Arabia, Prime Minister Carney will meet with Crown Prince and Prime Minister Mohammed bin Salman to deepen the Canada-Saudi Arabia partnership. The discussions will cover energy, critical minerals, defence, infrastructure, and investment, with a focus on expanding trade and promoting two-way investment. This marks the first visit by a Canadian Prime Minister to Saudi Arabia in 26 years.

Key milestones and initiatives

Canada has modernised its defence procurement through the launch of the Defence Investment Agency and Canada's Defence Industrial Strategy. The country is also advancing the Defence, Security and Resilience Bank (DSRB), a multilateral financial institution designed to mobilise private capital for collective security. Saudi Arabia is Canada's second-largest trading partner in the Gulf region, with bilateral trade totalling $3.5 billion in 2025.

Recent bilateral engagements

The visit to Saudi Arabia builds on recent engagements by Canadian ministers, including Foreign Affairs Minister Anita Anand in March 2026 and Minister of International Trade Maninder Sidhu in January 2026. These efforts underscore Canada's commitment to advancing cooperation in priority sectors such as mining, artificial intelligence, cleantech, agriculture, tourism, and life sciences.