Canadian Prime Minister Mark Carney had stated last November that a critical minerals agreement with the United Arab Emirates was near completion, but the deal has not yet materialized, according to the Financial Times. Three Canadian officials described a gap between Carney’s assurances and the current situation, with one noting that none of the $70 billion the PM says the UAE pledged has been deployed. Former Quebec Premier Jean Charest, who co-chairs the UAE-Canada Business Council, said Canada’s Major Projects Office informed the Emiratis that the country is not ready for such investment. The disclosure comes amid other developments involving Carney, including new Senate appointments and a trade meeting with Turkey’s president, but the stalled UAE negotiations highlight questions about the administration’s economic follow-through.