Canadian Prime Minister Mark Carney welcomes dozens of global investors to Toronto this week, hoping to lure investments for more than 160 projects that he says are key to steering Canada’s economy through a trade war with the United States.
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he → welcome → States
Confirmed attendees, many from the former Goldman Sachs executive and central bank chief’s personal rolodex, include BlackRock CEO Larry Fink and Blackstone President Jon Gray from the United States, as well as Singapore fund Temasek’s CEO Dilhan Pillay and Dutch pension fund APG Groep’s CEO Annette Mosman, according to a source with knowledge of the event.
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attendees → confirm → event
The two-day summit, which begins on Monday (September 14, 2026), will kick off discussions for future investments, although major deals could take 12 to 18 months to materialise, a government source said.
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source → begin → months
Mr. Carney has pledged to attract investments of C$1 trillion ($721 billion) in the next five years by cutting red tape and developing mining, energy, technology and infrastructure projects.
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Carney → pledge → projects
“The world’s largest investors, managing over C$120 trillion dollars of assets, will come to ‘peer into our shop window’ because the world is looking at Canada differently,” Mr. Carney said at a welcome reception on Sunday (September 14, 2026).
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Carney → manage → Sunday
Attracting investment is crucial for Canada’s economy to weather mounting tariffs imposed by the United States, Canada’s top trade partner.
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economy → attract → States
Mr. Carney has sought to do business with new partners in West Asia and Asia and to strengthen Canada’s alliance with Europe.
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Carney → seek → Europe
The summit aims to match some 100 global investors with Canadian CEOs, companies and local officials to facilitate investments or partnerships.
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summit → aim → investments
The projects are in various stages, from concept stage to shovel-ready, according to a copy of a prospectus seen by Reuters.
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projects → accord → Reuters
It pitches Canada as a stable and predictable market poised for long-term economic growth.
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It → pitch → growth
Mr. Carney’s office declined to comment.
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office → decline → ?
The dealbook also speaks to Canada’s technology aspirations, with 96 data centers in development.
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dealbook → speak → development
Opportunities include an equity investment for Xanadu’s photonic quantum computer targeted for commercialization by 2029-2030, equity investment in a data center campus in Alberta, and project financing for a hyperscale and AI-focused campus in New Brunswick.
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Opportunities → include → Brunswick
The Crawford Nickel Project, which will produce low-carbon nickel for batteries and green steel, is also on the list.
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which → produce → list
The prospectus also lists infrastructure projects, generally favored by pension funds and other long-term investors, including C$900 million in financing sought for a proposed high-speed transportation pod between Calgary and Edmonton.
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prospectus → list → Calgary
“This investment summit is falling at a very critical time in which Canada represents a window of stability,” Erik Peterson, managing director of Kearney’s Global Business Policy Council, said.
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Peterson → fall → Council
Canada’s foreign direct investment flows have been steadily rising since 2022, government data shows, with a quarterly average around C$23 billion in 2024 and 2025, and C$20 billion so far this year.
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data → rise → 2024
That compares with C$16.3 billion in 2023 and C$15 billion in 2022.
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That → compare → 2022
A large chunk of Canada’s inbound investment has been related to mergers and acquisitions, such as Mubadala Capital’s C$12 billion acquisition of CI Financial and Anglo-Australian miner Rio Tinto’s purchase of Arcadium Lithium, or from the reinvested earnings of foreign firms.
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chunk → relate → firms
Supercharge FDI
But greenfield investments, a measure of foreign spending on new factories and warehouses, have not seen a major bump since Mr. Carney took office.
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Carney → see → office
Doug Porter, chief economist at BMO Capital Markets, cautioned that it is difficult to lure such investments in a mature economy like Canada’s.
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it → caution → Canada
“It will be fascinating to see if this (investment summit) actually does supercharge foreign direct investment,” he added.
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he → see → investment
The Carney government’s priorities mark a departure from those of his predecessor Justin Trudeau, a fellow Liberal who focused more on human rights, climate change and Indigenous issues.
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who → mark → rights
Carney has said he looks forward to welcoming Saudi investors to the summit, and has mended ties with India and China.
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he → say → India
Canada’s financial sector, meanwhile, has pledged billions of dollars for Canadian companies.
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sector → pledge → companies
Royal Bank of Canada said it would invest C$1.4 billion in technology companies, Bank of Montreal committed up to C$70 billion for critical economic sectors, CIBC pledged to invest C$2 billion for defence businesses, and Sun Life will put in C$5 billion for infrastructure projects.
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Life → say → projects
Canada is well positioned in “the Rubik’s cube around diversifying portfolios, geopolitics, and technological changes,” said Benjamin Bergen, CEO of Canadian Venture Capital & Private Equity Association, which is hosting an event for tech companies on the sidelines of the summit.
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which → position → summit
“We kind of have a moment here as a country.”
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We → have → country
The Aporia
