Canada and European Union Establish Alliance for the Future at Montreal Summit

Key facts

• Canada and the European Union (EU) launched the Alliance for the Future during a two-day summit held in Montreal.
• Canada committed to contributing €500 million to the EU-led Ukraine Support Loan for the 2026–2027 period.
• The Canadian government announced a stake worth up to C$1.6bn in the artificial intelligence company Cohere Inc.
• Canada and the EU reached an agreement to integrate Canada into the European supercomputing network to facilitate AI model training.
• Leaders discussed the potential for Canada to become an associate member of the EU, with a clearer scope for this designation expected at a 2027 summit.