Ottawa, Ontario, Canada - Prime Minister Justin Trudeau says he's looking forward to meeting the leaders of the U.S. and Mexico at the end of the month after the relationships "were let fray" over the past several years.

Trudeau will host U.S. President Barack Obama and Mexican President Enrique Peña Nieto in Ottawa at the end of the month for the first North American Leaders' Summit - also known as the "Three Amigos" - since early 2014.

Former prime minister Stephen Harper cancelled the 2015 summit amid rising tension with the United States over the Keystone XL pipeline extension proposal, which Obama eventually rejected. There was also tension between Canada and Mexico after the Harper government imposed a visitor's visa on all travelers from Mexico. The Liberals have promised to lift that requirement.

In an interview with BNN, Prime Minister Trudeau said there is "tremendous opportunity" for the three countries to strengthen their relationship around energy and border issues.

"We can be very complementary as countries. The U.S. with its market, Canada with its innovation and its resources, Mexico as a developing economy. We have a tremendous amount of synergy that I’m really excited about building once again," Trudeau said.

"I think for a number of years these relationships were let fray a little bit and there's an opportunity now to benefit [from them]."