Mark Carney Secures C$500 Billion at Canada Investment Summit

Prime Minister Mark Carney hosted Canada's first-ever national investment summit in Toronto on September 14-15, 2026, securing nearly C$500 billion in new investment and financing commitments. The event aimed to catalyze C$1 trillion in capital over five years to restructure the economy and reduce dependence on the United States following a collapse in trade talks and the imposition of 50% tariffs by President Donald Trump.

Carney pitched a prospectus of 167 projects in energy, AI, and infrastructure to approximately 300 global executives managing over C$120 trillion in assets. Key outcomes included a C$50 billion AI data-center expansion in Saskatchewan by Bell Canada and the launch of the C$50 billion Maple Fund by CPP Investments and Brookfield Asset Management. Major domestic banks, including TD and Scotiabank, pledged over C$250 billion in financing, while BMO committed C$70 billion to critical sectors.

To incentivize global capital, the government introduced the Productivity Mega Deduction, lowering the marginal effective tax rate from 13% to 6.4%, and granted priority tax rulings for investments exceeding C$1 billion. Carney also announced plans to privatize operations at four of Canada's largest airports. Following the summit, Carney traveled to Strasbourg, France, to seek a unique alliance with the European Union.

Opposition emerged from labor unions, Indigenous leaders, and the NDP, who organized protests under the banner "The Many vs. The Money." Critics, including NDP leader Avi Lewis, argued the strategy risked selling off public resources and compromising national sovereignty.