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Canada wants to see the creation of a global “technology stability” body to help oversee artificial intelligence and ensure it is safe, Prime Minister Mark Carney said.
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“There’s a need for coordination,” Carney said in an interview with Bloomberg News on Monday. “Ultimately, a technology stability board, in our view, along the lines of the Financial Stability Board would make sense.”
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“It’s an opportunity — and I think ultimately what it’s going to mean is greater value creation and greater value delivery to people.”
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The leaders of major AI labs, including Anthropic chief executive Dario Amodei, have said development of the most advanced systems must be slowed in order to prevent AI slipping beyond human control and inflicting catastrophic harm.
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But United States President Donald Trump dismissed calls for artificial intelligence guardrails and slammed Amodei for urging a slowdown in the technology’s development.
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Carney also said his government will announce reforms soon to make Canada’s tax system more competitive, and will accelerate federal approvals on major projects so that they’re done in one year.
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“Foreign capital is underallocated to Canada,” Carney said.
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The prime minister and his top officials are preparing to pitch more than 100 high-profile global investors at a summit he has convened in Toronto. The Canadian team has prepared a prospectus of more than 160 projects in need of hundreds of billions of dollars, though some are still in very early stages of planning.
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Carney, along with key economic cabinet ministers and some of the country’s most powerful business executives, will meet formally with the out-of-town guests at a gala dinner Monday evening and during a full day of conference discussions at Toronto’s Four Seasons on Tuesday.
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The summit comes during a fraught period of relations with the U.S., Canada’s largest trading partner. After trade negotiations broke down on Aug. 21, Trump imposed new 50 per cent tariffs on US$20 billion of goods imported from Canada, and Carney soon retaliated on a roughly equal amount of U.S.-made products.
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Trump officials have repeatedly denigrated Canada over the past few weeks, and Trump ordered Lake Ontario be renamed to Lake America. Last week, U.S. officials announced plans to fully block Canadian imports such as alcohol and some dairy products, and to restrict Canadian companies from U.S. government contracts.
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Despite all of that — or perhaps because of it — Carney is riding a wave of political popularity that gives him greater latitude to pursue his agenda of expanding Canada’s trade and investment relationships with non-U.S. partners.