Canada and the European Union announce new Alliance for the Future to create greater affordability, opportunity, and sovereignty

The Council of the EU says António Costa, President of the European Council, and Ursula von der Leyen, President of the European Commission, represented the EU at the 21st EU-Canada summit[2], held in Montreal on October 29 and 30. In their joint statement, leaders said they were launching the Alliance "to create a common prosperity and economic security space."[3]Carney's office describes the alliance as one that will "leverage the strategic capabilities of Canada, the EU, and a variable geometry of like-minded nations"[1]. Carney said the alliance "delivers now and for the future."[1]According to the joint statement, the two sides will work to define "by the 2027 EU-Canada Summit the concept of an ever-closer association of Canada to the EU, short of full membership"[3].Europe Says reports that leaders announced more than 20 measures and launched negotiations on several others[4], including a Competition Agreement and a Digital Trade Agreement. The outlet adds that Canada also signed a treaty framework allowing the European Investment Bank to invest in Canadian critical minerals projects.[4]The joint statement says leaders "welcome Canada's intention to join the Ukraine Support Loan"[3] and agreed a Frontex–Canada Border Services Agency working arrangement.Outlook India reports that Carney's push to find new international partners comes as a trade dispute with the United States puts pressure on Canada.[5] The outlet also says Carney said he had accepted an invitation from the European Council president to attend meetings in Europe next June.[5]