Canada also welcomed Australia into the G7 Critical Minerals Production Alliance, an initiative launched under Canada’s G7 presidency aimed at boosting production capacity and diversifying global supply networks from mine to market. The move is expected to accelerate collaboration between the two countries’ mining sectors and drive capital toward large-scale mineral development projects.
The leaders also agreed to strengthen cooperation between Australia’s Critical Minerals Strategic Reserve and Canada’s Critical Minerals Sovereign Fund, creating new pathways for joint investment and supply chain resilience.
Financial ties were another focal point of the visit. Both governments committed to modernizing the Canada–Australia tax treaty to encourage increased cross-border investment and facilitate joint financing of infrastructure and nation-building projects. The two sides also welcomed a memorandum of understanding between major pension and superannuation funds to deepen collaboration between institutional investors in both countries.
The agreement also launches a new Canada-Australia Clean Energy Partnership, intended to scale up clean energy technologies, modernize electricity grids and expand trade and investment in the energy transition. Leaders said the initiative would help generate jobs and economic growth while supporting progress toward net-zero emissions.
Beyond energy and resources, Ottawa and Canberra committed to enhancing collaboration in artificial intelligence through a new memorandum of understanding linking the two countries’ AI safety institutes. The effort is expected to boost talent exchanges, research and commercial partnerships in emerging technologies.