Overview

• Finance Minister François‑Philippe Champagne told reporters Canada could be a supplier of choice for European markets seeking energy security and defence capacity.
• Following talks with EU finance ministers in Denmark, Champagne highlighted critical minerals, liquefied natural gas, nuclear technology and shipbuilding as Canada’s key offerings.
• He said rising NATO commitments are driving higher European defence spending, creating procurement opportunities for Canadian firms comparable to past wartime industrial mobilization.
• Champagne met bilaterally with Ukrainian officials and joined an Arctic security roundtable at a gathering that included representatives from the U.K., Norway, Ukraine and EU member states.
• The outreach comes as Ottawa pursues trade diversification ahead of next year’s CUSMA review and days after Canada signed a pact with Mexico to deepen economic and security ties.