"Canada and the EU, with our unparalleled trade access, shared values, and complementary economic strengths, can build a deeper and more integrated relationship," the draft paper says.

The two sides plan to say at their summit in Montreal that they want to speed up investment in critical mineral projects, strengthen supply chains, and improve supply security, including by stockpiling critical resources to mitigate “market fluctuations and geopolitical impacts.”

"We will align strategies and standards, connect industries, and focus our ambitions on sectors with greatest returns for our peoples. This includes the development of low-carbon, reliable energy that much of the world is hungry for, from liquified natural gas to hydro, solar, wind, and nuclear."

Ottawa and Brussels will also announce the joint purchase of 50 De Havilland water bombers, to be ready for use in Canada and Europe in 2030 to fight wildfires.

“We are joining forces voluntarily … We will create a tech alliance. We will integrate defense industrial bases. We will make the Arctic a flagship joint project. We will work on energy, critical minerals and batteries. On AI, quantum, cyber and economic security,” von der Leyen said in her State of the Union speech on Sept. 15.