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Jesse Kline: Mark Carney's $70-billion U.A.E. deal to nowhere

The Middle East country was ready to invest, but there was nothing to invest in

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Given that the Liberals long ago ditched Stephen Harper’s vision of transforming Canada into an “energy superpower,” Prime Minister Mark Carney has resorted to going cap-in-hand to actual energy superpowers to get some of their sweet, sweet oil money. The only problem: despite his promise to fast-track nation-building projects, Canada still doesn’t have anything to invest in.

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This week, Carney made an historic trip to Saudi Arabia, becoming the first prime minister to visit the kingdom in 26 years. There, he met with Crown Prince Mohammed bin Salman and announced the creation of a bilateral council to advance joint political and economic priorities, a memorandum of understanding on energy co-operation and an agreement to promote trade and finalize a foreign investment deal by the end of next year.

Jesse Kline: Mark Carney's $70-billion U.A.E. deal to nowhere Back to video

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