Foreign investment ‘key priority’ for growth, jobs, Trudeau says

Prime Minister using time in Davos to sell the world on more than Canada's natural resources.

January 22, 2016   by The Canadian Press

DAVOS, Switzerland — The federal Liberals appear ready to swing open the doors to more foreign investment in Canada with Prime Minister Justin Trudeau calling it a key priority for his government.

Trudeau says foreign investment is needed to help economic growth in Canada and the Liberals plan to work with national and international companies to create jobs domestically.

Trudeau made the comments during a luncheon speech to a group of business leaders as part of the World Economic Forum in Davos, Switzerland.

The summit in the Swiss Alps is a key networking event that gives governments access to some of the biggest and most influential business leaders in the world.

Trudeau has used his time in Davos to meet with the heads of General Motors, Renault-Nissan, and Asian e-commerce giant Alibaba to sell Canada as being more open for business than under the Conservatives and less focused on being a resource-based economy.

At the luncheon, he urged Albertans to be resourceful in how they extracted resources and says the Liberals will be partners to Alberta right now.

Resource-rich provinces like Alberta have been hit hard by declining oil prices and the low value of the loonie.

© 2016 The Canadian Press

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