Canada’s Industry Minister Meets With Saab, Ericsson in Sweden
(Bloomberg) -- Canadian Industry Minister Melanie Joly is set to meet with Saab AB and Ericsson in Sweden, where she also hopes to strike an economic partnership with the country, according to a person familiar with her plans.
Most Read from Bloomberg
A Photographer’s Pipe Dream: Capturing New York’s Vast Water System
Festivals and Parades Are Canceled Amid US Immigration Anxiety
A London Apartment Tower With Echoes of Victorian Rail and Ancient Rome
Princeton Plans New Budget Cuts as Pressure From Trump Builds
Joly is pushing for investment in Canadian industries amid damaging US tariffs, while emphasizing the government’s plan to increase defense spending. The minister expects to speak with Saab about the Gripen E fighter jet, said the person, who asked not to be named in order to speak about private discussions.
Prime Minister Mark Carney announced a review of Canada’s plan to buy dozens of F-35 fighter jets from Lockheed Martin Corp. earlier this year, and later named the Gripen E plane as a potential alternative. But Reuters reported this month that some Canadian officials have made a strong case for sticking with the F-35 jets.
The industry minister will also meet with her Swedish counterpart, Ebba Busch, on Monday to discuss a formal partnership between the countries to collaborate more closely on critical minerals, clean technology, defense investment and other matters, said the person.
The visit is part of a push by the Carney government to strengthen ties with European partners and reduce its reliance on the US for trade and security. Canada has already inked a partnership with the European Union that aims to create jobs in both regions.
Joly will travel to Finland on Wednesday, where she’ll mark the start of construction of an icebreaker that will be jointly built between Davies’ shipyards in Helsinki and Quebec. She’ll also meet with Finland’s foreign and defense ministers.
Canadian Foreign Minister Anita Anand is in Helsinki on Monday to attend a meeting of Nordic nations and to discuss the Ukraine war in bilateral meetings with officials from Finland, Sweden and Denmark. She’ll speak to Canadian journalists later in the day.
--With assistance from Kirsi Heikel.
Most Read from Bloomberg Businessweek
Foreigners Are Buying US Homes Again While Americans Get Sidelined
What Declining Cardboard Box Sales Tell Us About the US Economy
Americans Are Getting Priced Out of Homeownership at Record Rates
Living With 12 Strangers to Ease a Housing Crunch
Bessent on Tariffs, Deficits and Embracing Trump’s Economic Plan
©2025 Bloomberg L.P.