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Canada held its first Investment Summit, pitching over 160 projects worth roughly $1 trillion to the world's richest investors, partly as a strategic pivot toward the EU amid an ongoing trade war with the United States. The event highlighted Canada's efforts to diversify its economy away from reliance on the US market. In a further sign of Canada's pivot, European Commission President Ursula von der Leyen backed a plan for Canada to become an 'associate member' of the EU, as Ottawa seeks closer ties with Brussels following a breakdown in relations with the US and President Trump. The proposal marks a significant deepening of Canada-EU cooperation amid the ongoing trade dispute with Washington.