Canada would welcome Chinese investment in energy, government says

The government said it will welcome increased Chinese investment in Canadian energy during Prime Minister Mark Carney's visit to Beijing, and Ottawa and Beijing signed a joint economic and trade road map plus a memorandum on strengthening energy co-operation.

Prime Minister Mark Carney is on his first trip to China and the Canadian government announced it would welcome more Chinese investment in areas including energy, agriculture and consumer products. Officials and Chinese counterparts released a joint economic and trade co-operation road map and signed a memorandum of understanding on strengthening energy co-operation. The announcements follow rising Canadian petroleum exports to China and recent LNG deliveries to Chinese buyers. Other items in the day's briefing included consular news and domestic policy updates. Key details: - The Canadian government said it would welcome increased Chinese investment in Canadian energy, including the oil sands, as part of a joint economic and trade co-operation road map. - Ottawa and Beijing signed a memorandum of understanding described as strengthening energy co-operation. - Prime Minister Mark Carney met Chinese leaders in Beijing during his first visit as prime minister and participated in a signing ceremony and official events. - The article notes that PetroChina received liquefied natural gas from Canada's first LNG export facility in 2025 and that Chinese buyers have increased purchases of Canadian oil. - Foreign Affairs Minister Anita Anand confirmed that a Canadian died in Iran and said consular officials are in contact with the family; Global Affairs declined to provide further details citing privacy. Summary: The joint announcements formalize a path for closer economic and energy ties between Canada and China and reflect ongoing trade activity such as recent LNG and oil deliveries. Implementation details and the timetable were not provided and are undetermined at this time.