Carney’s office says $1B to expand mineral processing in works with UAE

Canada is touting a major economic win ahead of the G20 summit. Prime Minister Mark Carney says Ottawa is close to finalizing a $1 billion project to expand mineral processing here at home, while securing approximately $70 billion in new investment commitments from the United Arab Emirates.

Carney’s office says the new funding is a vote of confidence in the Canadian economy. Carney says he believes Canada and the UAE can more than double their trade in less than a decade.