Prime Minister Justin Trudeau tells business leaders at the Canada-U.S. Economic Summit in Toronto that U.S. President Donald Trump’s threat to annex Canada 'is a real thing.'

But Trump hasn’t stopped openly musing about taking over Canada. He has said he would use “economic force” to make it happen and has repeatedly told reporters Canada can avoid sweeping tariffs if it becomes a state.

The Prime Minister, Justin Trudeau, today announced the Canada-U.S. Economic Summit, a landmark event hosted with members of the Council on Canada-U.S. Relations to galvanize business and investment across Canada. The Summit will take place in Toronto, Ontario, on February 7, 2025.

The summit aims to boost Canada’s economy, expand domestic trade, diversify export markets, and address productivity challenges. Trudeau emphasized that it would also strengthen coordination among key partners.

The summit will look at ways to grow Canada's economy, expand trade within the country, diversify export markets and address productivity, Trudeau's statement said

(Reuters) - The Council on Canada-U.S. Relations will hold a summit in Toronto on Friday, Canadian Prime Minister Justin Trudeau said in a statement on Wednesday after a 30-day pause on the Trump administration's proposed tariffs went into effect this week.