07/08/2017 01:37 EDT | Updated 07/08/2017 05:01 EDT

President Trump praises Canada, PM Trudeau at G20 women's event

HAMBURG — U.S. President Donald Trump called Canada a great neighbour and said Prime Minister Justin Trudeau is doing a spectacular job as the second and final day of the G20 summit in Germany got underway this morning.

Trump and Trudeau were both participating in a World Bank event committing millions of dollars to help finance business start ups owned by women in the developing world.

Canada committed $20 million and the United States $50 million to the Women Entrepreneurs Finance Initiative.

It comes on the heels of the joint effort between Trudeau and Trump on the United States Canada Council for the Advancement of Women Business Leaders-Female Entrepreneurs which they launched in February to help increase the number of women in business.

Trump spoke following Trudeau and heaped praise on him, saying everybody loves Trudeau, and for good reason.

Trudeau, seated on the stage next to German Chancellor Angela Merkel, seemed surprised and slightly embarrassed by the praise.