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Carney announces new summit in Toronto aimed at driving $1 trillion in investment
The first-of-its-kind summit will invite 100 major investors as Carney seeks $1 trillion in new investment over five years.
- On Friday, Prime Minister Mark Carney announced the first Canada Investment Summit, inviting some of the world's largest investors to Toronto this September to pitch Canada as a stable destination for capital.
- Amid deepening economic uncertainty and volatility worldwide, Carney is pitching "Canada, Inc." as a safe, reliable environment for infrastructure and energy projects amid geopolitical instability.
- Co-Hosted by the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board, the summit targets unleashing $1 trillion in investment over five years, leveraging the funds' nearly $1.1 trillion in assets.
- "Canada is in a really good place. Canada is cool again," said Michel Leduc, senior managing director at the Canada Pension Plan Investment Board, who hopes the conference establishes long-term relationships with major investors.
- Business leaders caution that summits alone are insufficient, even as foreign direct investment recently showed signs of picking up; as of Friday, organizers had not confirmed which invited participants planned to attend.
45 Articles
45 Articles
The Toronto Star
Carney announces new summit in Toronto aimed at attracting $1 trillion in investment
The summit comes after a globe-trotting year for the prime minister, who has held meetings with investors and businesses around the world to gin up interest in putting money into
Canada will hold a summit in September with the world's largest investors and top business leaders as part of Canada's Prime Minister Mark Carney's program to attract hundreds of billions of dollars to the country.The Canadian government said in a statement that the so-called Canada Investment Summit will be held from 14 to 15 September in Toronto, with the aim of "bringing new investments to Canada to boost national construction projects, creat…
The goal of the summit, scheduled for September, is to mobilize $1000 billion for the next five years.
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