Overview
- King Felipe VI presided over a Spain–Canada business forum at Toronto’s MaRS Centre that brought together about 200 companies and institutional delegates, with Spain’s economy minister Carlos Cuerpo and Canadian ministers Evan Solomon and Stephen Crawford in attendance Wednesday.
- Spain and Canada reported signing a memorandum of understanding on artificial intelligence that aims to boost joint investment, expand access to tech infrastructure, train AI talent and strengthen collaboration between governments and businesses, with special attention to small and medium enterprises.
- In remarks to investors the King said reliable alliances provide the “anchors” needed for turbulent global times and argued Spain and Canada have room to multiply commercial and industrial ties based on pragmatism and mutual trust.
- Officials highlighted practical measures to deepen links, including a noted doubling of direct air routes between the countries over the past four years and Spain’s growing role as a destination for foreign direct investment.
- The visit produced immediate business steps—three company deals were reported alongside the state-level AI MoU—and could lead to more joint projects, closer supply‑chain ties and follow-up trade and tech missions in North America.