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Three PMs: Carney recruits Chrétien, Harper to kick off investment summit
The summit drew global investors and major Canadian institutions as Carney pitched tax changes and faster approvals to revive business investment.
- On Tuesday, Prime Minister Mark Carney unveiled a $36 billion tax reform package and plans to open Canada's four major airports to private investment at the Canada Investment Summit in Toronto, targeting $1 trillion in investment over five years.
- To boost competitiveness, Ottawa lowered the marginal effective tax rate to 6.4% from 13% and will introduce legislation expanding the "one project, one review, one year" framework for infrastructure approvals.
- Former Prime Minister Stephen Harper urged Canada to become an "energy superpower" and stated the country had "no choice" but to walk away from recent United States trade negotiations.
- Bombardier CEO Martel said the summit proves Canada is "open for business," while Blackstone president Jon Gray described the country as a "sleeping giant" that is now waking up.
- Critics including Indigenous leaders, environmental groups, and unions warned that the privatization of public assets and infrastructure amounts to a "fire sale" of Canada's resources.
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Canada seeks greater economic independence from US as Carney courts investors
TORONTO, Sept 16 — Prime Minister Mark Carney pitched Canada as an investment haven yesterday at a gathering of global financial elite, but conceded ties with the United States remained crucial despite an escalating trade war.Carney convened the Canada Investment Summit as part of his push to diversify an economy he insists had grown too reliant on an increasingly protectionist United States.The guest list for the event in Toronto included repre…
·Petaling Jaya, Malaysia
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Rocky Mountain Outlook+12 Reposted by 12 other sources
Carney, Harper make the case for Canada at inaugural investment summit
TORONTO — A Liberal and a Conservative prime minister book-ended the final day of Canada's first-ever investment summit, each making their pitch to global investors for help fulfilling an ambitious capital agenda.
·Canmore, Canada
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Total News Sources33
Leaning Left20Leaning Right6Center3Last UpdatedBias Distribution69% Left
Bias Distribution
- 69% of the sources lean Left
69% Left
L 69%
R 21%
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