Carney pitches Canada to global investors amid US trade war
Hundreds of investors overseeing nearly $120 trillion in assets will gather in Toronto for the Canada Investment Summit.
For decades, one of Canada’s biggest selling points to foreign investors was its access to the world’s largest economy next door.
On Monday and Tuesday, hundreds of global investors will gather in Toronto for the Canada Investment Summit. The invitation-only meeting will bring some of the world’s largest pension and sovereign wealth funds and asset managers together with corporate executives, Canadian premiers and federal officials.
Carney, a former central banker with deep ties to the global investment world, wants them to put money into everything from mines and pipelines to ports, artificial intelligence and advanced manufacturing. It is part of a much bigger push to catalyse $1 trillion in investment in Canada over the next five years, with about $280bn in public investment and government incentives to help draw in private and institutional capital.
They range from satellite technology to some enormous infrastructure projects, including a proposed oil pipeline from Alberta to British Columbia’s coast.