Canada, Mexico tout stronger economic ties after trade mission to Toronto and Montréal

Canada and Mexico say their economic partnership continues to deepen following the conclusion of a three-day Mexican trade mission to Toronto and Montréal.

In a joint statement, Dominic LeBlanc and Marcelo Ebrard said the May 6–8 mission highlighted the “strength, depth and forward-looking nature” of the Canada–Mexico relationship.

The mission brought together Mexican business representatives from 10 priority sectors for two days of trade and investment activities, including business-to-business meetings and site visits aimed at strengthening commercial ties.

LeBlanc and Ebrard also met with private sector stakeholders to discuss ways to expand two-way trade and investment, and took part in a discussion hosted by the Montréal Council on Foreign Relations.

The visit follows a Canadian trade mission to Mexico earlier this year and reflects what both governments describe as a shared commitment to building a more integrated and competitive North American economy.

Officials said more than 10 memorandums of understanding and agreements were signed during the mission across sectors, including life sciences, agrifood, education and creative industries.

Among the deals announced was a $200-million investment by Grupo Bimbo to modernize its Canadian operations. Another agreement includes a $2-billion investment in Mexico by Solar International Core Canada for a project in Hidalgo state.

The two countries also discussed strengthening the Canada-United States-Mexico Agreement, known in Mexico as T-MEC, with a focus on boosting regional competitiveness.

Both sides reaffirmed their commitment to the Canada–Mexico Comprehensive Strategic Partnership and a bilateral action plan launched in September 2025 by Prime Minister Mark Carney and Mexican President Claudia Sheinbaum. The plan aims to expand collaboration in areas such as agriculture, energy, innovation, infrastructure, natural resources, health, education and security.

LeBlanc and Ebrard also pointed to the upcoming FIFA World Cup 2026 as an opportunity to showcase cooperation across North America.

The statement said both countries intend to maintain momentum in their relationship while supporting businesses — including small- and medium-sized enterprises — to pursue new opportunities and long-term growth.