According to a new Prime Minister’s Office advisory, in New York at the First Biennial Summit for a Sustainable, Inclusive and Resilient Global Economy, meet Jamaica’s Prime Minister Andrew Holness, then be back in Ottawa for Question Period and an evening meeting with Indonesia’s President Prabowo Subianto that precedes a signing ceremony.
The UN summit is designed to spotlight how countries fund growth and climate goals while managing debt burdens.
Organizers bill it as a venue to align the UN system and international financial institutions on reforms that could unlock more affordable capital for developing economies.
The tone from this session matters because it can shape expectations around multilateral development bank leverage, sovereign debt restructuring norms, and potential new financing instruments that ripple through bond and currency markets.
Political return to Ottawa
A midday sprint back to Ottawa underscores the political calendar at home. The advisory lists Question Period at 2:15 p.m. local time, placing the prime minister on the Commons floor hours after appearing at UN events.
Juxtaposition is unusual and speaks to the government’s effort to balance foreign and domestic priorities on a compressed timetable.
The evening program centers on Indonesia, a G20 economy with rising strategic weight. The PMO says the prime minister will welcome President Prabowo Subianto, hold a bilateral meeting, deliver brief remarks before a signing ceremony, and host a dinner. Details of the agreement were not disclosed in the advisory.
The meeting follows a period of intensified Canada–Indonesia engagement, including ongoing work toward deeper trade and investment ties.
Canadian government data show two-way merchandise trade with Indonesia totaled roughly $5.5 billion in 2024, with about $2.3 billion in Canadian exports, led by cereals, fertilizers, wood pulp, soybeans, and machinery.
Global market angle
The New York portion offers clues to the global financing debate at a moment when debt servicing costs remain elevated for many sovereigns and development financing needs are growing.
Any consensus on MDB capital efficiency, private sector mobilization, or debt transparency could influence risk premia in emerging markets and affect the cost of capital for climate and infrastructure projects that Canadian and U.S. investors help fund.
The Ottawa meetings, meanwhile, place attention on Canada’s trade diversification beyond North America.
Indonesia’s scale and its role in Indo-Pacific supply chains make it a meaningful counterpart for Canadian exporters and investors seeking growth in agriculture, energy transition inputs, and services.
If the signing ceremony yields a concrete step, even a limited one, it could give corporates a clearer path on tariffs, procurement access, or standards.
Splitting the day between UN diplomacy and the Commons puts the government’s international messaging next to domestic accountability.
The federal approach to growth, productivity, and capital formation, all of which anchor the outlook for the Canadian dollar and the S&P/TSX. With new sessions underway in New York and Ottawa, even small signals can move expectations.
The prime minister will speak at a UN summit focused on reshaping global finance, meet with Jamaica’s leader in New York then sit down with Indonesia’s president in Ottawa before a signing ceremony.
Markets will parse the words in the morning and the handshakes in the evening for hints of policy direction. The PMO has not yet provided further detail on the evening agreement.
