Canada’s economy is stuck in a state of “suspended animation,” with major new investments largely on hold, but may start to recover in the coming months, according to the head of one of the country’s largest banks.

Also looming over the meeting are President Trump's inflammatory threats to make Canada the 51st state and take over Greenland.

“I don’t think it’s a crisis,” Canadian Imperial Bank of Commerce chief executive Victor Dodig said at an automotive industry event in greater Toronto. But the economy needs the salve of lower interest rates, pro-growth policies and more certainty on trade policy, he said.

As Mark Carney prepares to host world leaders at the Group of Seven summit in western Canada, he’s showing off a foreign policy that’s more hardheaded than that of Justin Trudeau.Trudeau put climate change and progressive social values front and center,

Maine Gov. Janet Mills is set to join Massachusetts Gov. Maura Healey in co-hosting a summit that will bring together the governors of N.Y., R.I. and VT with the premiers of several Canadian provinces for a discussion on the impacts of federal tariffs.

G7 leaders will arrive Sunday in the Canadian Rockies for a summit dominated by global military conflicts, including Ukraine, Gaza, and the escalating Israel-Iran confrontation. The summit comes amid a deepening trade war sparked by US President Donald Trump’s tariff policies.

Sales of vehicles made in Canada plunged by nearly 23 percent in April after President Trump imposed a 25 percent auto tariff.

As the G7 group of large democratic nations with big economies meets Sunday in Alberta, Canada they have a broad agenda in the midst of global economic and military turmoil.

The UK will seek to restart trade negotiations with Canada, Prime Minister Keir Starmer said, as he strives to strengthen commercial ties around the world to better insulate Britain’s economy from the fallout of US President Donald Trump’s tariff war.

Israel's strikes on Iran and Tehran's retaliation, which appeared to catch many world leaders unawares, is the latest sign of a more volatile world