As the private jets of billionaire investors touched down in Toronto this week, their passengers were whisked to meetings inside a billion-dollar investment by Saudi Arabia’s royal family.

The swanky Four Seasons Hotel, the venue for prime minister Mark Carney’s Canada Investment Summit this week, is run by a Canadian company co-owned by Saudi Arabia’s prince Alwaleed bin Talal.

Who runs the hotel is a symbol of what’s transpiring at the summit. The world’s most powerful money managers—including officials from the sovereign wealth fund of the Saudi dictatorship, the Public Investment Fund, which controls an estimated $925 billion in assets—are considering pitches for infrastructure projects that Carney hopes will lure a trillion dollars of new investment.

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[–] 1 point 1 month ago

Carney so called Canadian values

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  • 8 comments in c/canada@lemmy.ca view that post
    [–] 8 points 1 month ago (2 children)
  • [–] 6 points 1 month ago (1 child)

    Yuck.

    UAE are genocidal barbarians.

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  • [–] 6 points 1 month ago*

    Honestly if all our points of entry are owned by other countries. Are we even an independent country anymore?

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  • [–] 2 points 1 month ago (1 child)

    It's not only Gulf billionaires but also the Chinese dictatorship as Chinese state-backed investors join Carney’s summit

    ... Both China International Capital Corp. (CICC) and China Investment Corp. − China’s sovereign wealth fund − are attending Mr. Carney’s summit. CICC is roughly 40-per-cent owned by Central Huijin Investment, a subsidiary of China Investment Corp.

    The Hong Kong Monetary Authority, which manages investments for the territory’s Exchange Fund, is also a participant ...

    Canada has a history of barring Chinese investment, as the linked article says, and we must hope that Carney strengthen this tradition.

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