02:52 PM EDT, 10/07/2025 (MT Newswires) -- Mark Carney on Tuesday told U.S. President Donald Trump that Canada is the U.S.'s largest foreign investor, investing half of a $1 trillion over the last five years, and "probably $1 trillion in the next five years, if we get the agreement that we expect to get", according to a transcript being read on Canada's CBC TV related to commentary from the Canadian Prime Minister during his trade talks in Washington.

The talks have just concluded, and it is Carney's comments that have created a stir as to what exactly is meant. Pierre Poilievre, the leader of the opposition Conservatives in Canada, has latched on to this confusion during Question Time in parliament back in Ottawa.

According to one reporter on CBC TV, Carney appeared to be talking about private sector rather than government investment in the U.S., but Poilievre sees it as meaning companies and private sector entities will actually move to the U.S.