Prime Minister Mark Carney is set to welcome global investors to Toronto for the Canada Investment Summit, an event aimed at attracting and accelerating $1 trillion worth of new investment into the country. The summit runs Sept. 14-15 and centres on what organizers describe as long-horizon capital, commercial opportunity and productive assets meant to strengthen growth and resilience.
CPP Investments and the Public Sector Pension Investment Board are serving as official partners for the event, acting as stewards for a showcase of investment opportunities across Canada. The gathering is expected to draw hundreds of project proposals from across the country, part of a broader federal push to pair large-scale infrastructure development with global capital and support from major domestic institutional investors.
Carney first announced the summit in April, saying it would build on Canada’s existing advantages to help drive billions of dollars in new investment into the country.
John Graham, president and chief executive officer of CPP Investments, said his organization’s involvement in the summit reflects its ambition to collaborate closely with partners around the world, as well as the responsibility that comes with managing the Canada Pension Plan. He said a strong and competitive Canada matters to the organization’s international relevance and its ability to keep delivering long-term results.
According to a government document shared with the Toronto Star, roughly 167 domestic projects will be presented at the summit, with heavy representation from fossil fuels, renewable energy and mining. Notable opportunities include a proposed oil pipeline to the west coast, new liquid natural gas pipelines and terminals, and a potential wind-energy project in Nova Scotia. Additional projects span ports, data centres and advanced-manufacturing initiatives, many tied to the defence sector, with varying degrees of development readiness on offer to attending investors.
The same report noted that the federal government appears to be seeking equity or financing to build new assets or expand existing ones, rather than signalling any intention to sell existing assets to foreign owners.
CTV News reported the summit is expected to draw more than 100 institutional investors from around the world. A partial list of attendees includes 28 investors from Canada, 33 from the United States, nine from the United Kingdom, eight from France and seven from Australia. Investors from China, Malaysia, Norway, Singapore, Saudi Arabia and the United Arab Emirates are also expected to attend.
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