Prime Minister Anthony Albanese and Canadian leader Mark Carney are set to transform Australia and Canada from market rivals into "strategic collaborators" this week, pitching a united front in critical minerals and institutional investment.
The high-stakes meeting comes as Carney arrives in Sydney for a four-day visit, aiming to mobilise middle powers against the shifting geopolitical norms of the US and China.
Central to the visit is a landmark memorandum of understanding between Australia’s $4.5 trillion superannuation sector and Canadian pension giants.
Industry sources indicate the agreement will streamline bilateral investment in infrastructure, building on the growing footprint of firms like IFM Investors, which recently expanded into Toronto.