Canada and EU seal alliance for the future at Montreal summit
Prime Minister Mark Carney and EU leaders unveiled a seven‑page pact on industrial cooperation, digital trade and climate action to close the Montreal summit on Oct. 30, 2026.
Prime Minister Mark Carney and his European Union counterparts concluded the Montreal summit on Oct. 30, 2026 by unveiling an "alliance for the future" pact, a seven‑page joint statement that outlines expanded industrial collaboration and supply‑chain integration between Canada and the EU.
The statement details a new digital trade agreement, authorises the European Investment Bank to fund critical raw‑materials projects in Canada, and grants Canadian artificial‑intelligence researchers access to European supercomputers. It also commits both sides to further talks on Arctic and border security, and calls for reform of the World Trade Organization rather than its replacement.
In addition, the pact pledges intensified joint action on climate change and biodiversity loss. The document cites several ongoing joint projects that were promoted in the days leading up to the summit.
The alliance for the future represents a decisive step toward deeper economic ties and shared security interests, the joint statement said.
The agreement is expected to shape future policy discussions and investment flows between the two regions, with implementation details to be worked out by the respective governments.