Toronto will play host to a global investor summit in September as the federal government aims to attract $1 trillion in foreign investment for the Canadian economy, Prime Minister Mark Carney said in a statement Friday.
The summit will see “the world’s largest investors,” including top CEOs and global business leaders converge on Canada’s largest city.
“We are building a stronger economy with an ambitious plan to catalyse $1 trillion in total investment in Canada over the next five years,” the prime minister’s office said in a statement.
Speaking to reporters later in the day, Finance Minister Francois Phillipe-Champagne said the summit will see representatives from countries that Carney visited earlier this year on trade missions.
“I was with the prime minister in India. We went to Australia. He then went to Japan. We were before in Qatar. I’ve met the Middle East colleagues here. They all intend to come and join us for that very important summit,” Champagne said.
Canada offers “stability” and “predictability” to investors, Champagne said.
“Stability, predictability are in high demand and short supply in the world today,” he added.
Two of Canada’s largest institutional investors — the Canada Pension Plan Investment Board (CPP Investments) and the Public Sector Pension Investment Board (PSP Investments) — will jointly host the summit with the federal government.
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Carney’s office identified three areas of the economy where they want to see investment —clean energy, critical minerals, and new technologies and artificial intelligence.
Canada is working to “diversify” energy sources, Champagne said.
“The conflict in the Middle East just highlights how much we need to diversify the source of energy. We need to invest in energy efficiency. We need invest in enterprise and renewable energy, conventional energy, nuclear,” he said.
Carney also touted Canada’s position as an “energy superpower” as being key to the summit.
“Canada has what the world wants. We’re an energy superpower, with the most educated workforce in the world and rock-solid fiscal strength. The first-ever Canada Investment Summit will capitalise on those advantages to help drive billions in new investments into Canada,” Carney said.
Carney’s speech at the World Economic Forum in January this year has put Canada “front and centre in people’s minds,” Champagne said.
“Investors are rediscovering (Canada). They see us now as an energy superpower,” he added.
“While the prime minister may try to go abroad, and try to attract investment from abroad, the reality is he’s ignoring domestic dollars, domestic entrepreneurs that are trying to keep their businesses open, making personal sacrifices to keep their businesses open, and they’re not being able to do that,” said Conservative MP Sandra Cobena.
Referring to a CFIB report that shows that for six consecutive financial quarters, more businesses have closed than have opened in Canada, Cobena said it was becoming harder to do business in Canada.
“These are Canadian investors, Canadian business owners, Canadian entrepreneurs that have had to close their doors because it’s just so difficult to do business here in Canada,” she told reporters Friday.
Carney must first address “fundamental issues” of regulatory hurdles with the Canadian economy, said Conservative MP Kyle Seeback.
“We would urge the prime minister, rather than having this investment summit, to look at the fundamental issues that are driving investment out of Canada and make those changes,” Seeback said.
This comes after a decade of declining international investment in Canada.
A recent report from RBC says 2025 was Canada’s first to attract more than $100 billion in foreign direct investment since 2015.
More than $1 trillion in foreign investment exited the Canadian economy between 2015 and 2024, in what the report calls the “largest capital exodus in Canadian history.”
However, RBC projects Canada could attract upwards of $1.8 trillion over the next decade if advancements are made in key industries. This includes building new pipelines and liquefied natural gas terminals, expanding nuclear, hydro and renewable power and growing as a critical mineral supplier.
The Canadian Federation of Independent Business issued a report this week pointing to a struggling small business sector in Canada. The CFIB says this is the sixth consecutive quarter they’ve tracked more small businesses closing than opening.
–with files from The Canadian Press
Caviar for the elite and food banks for the peasants…
Carney, a pure naked official, if you want to attract investment, first bring your family’s funds back to Canada!
It was precisely during the decade of the Liberal Party that global investment was frantically withdrawing from the Canadian market. The reasons for this are well understood by the Liberal Party.You can even set up an offshore company to avoid taxes.Are those capitalists fools?
is it true that the man whos going to protect us from American financial aggression is an American? and his kid goes to a us school. his wife lives in the us he moved Brookfield asset man to the us brookfeild does 90 percent of business in us. think about it he doesn’t invest here why would anyone else
skidMark Carnage doesn’t know the definition of the meaning of stability.
Unless it’s building up his own bank account via Brookfield asset management.
how is it stable when the land your project or company sits on can be given away to a band at sny secound.its happening in bc Ontario Manitoba and nova Scotia. having your title changed is the most unstable environment to business in. we are like a banana republic. if Alberta or Quebec don’t seperate then the fns will do it for us. Canada is in a bad way
The same group that has driven investment out of Canada is telling us that they are going to get it back? That’s hilarious.
Lmao
The only thing stable in the LPC is pandering and self enrichment
What a joke, we’re way over taxed, red tape is sky high, constant government interference with development of any kind, constant talk of nationalization of things like groceries, while the world pulls away from carbon taxes we double down, it is a known fact that Canada is un investable.
Carney has an American passport, his children go to school there, his wife lives there and works there, he moved his company there and people still believe he is looking out for Canada. He is here to plunder Canada and then leave.
Carney will try to get back the Trillion Trudeau and him lost the last decade.
Carney, leave the Canadian Pension Plan funds alone.
Stability ? There is no such thing under a Liberal regime.
Liberals are the reason it left. Yet Carney ignores democracy and changes people’s votes in Canada to continue the down hill trend. He was running the country for 5 years under Trudeau the treasonous dictator. Let me guess now they will fix what they caused?
Definition of insanity is trying same thing over and over but expecting different results. Elbozos.
Canada is nothing if not stable.
Same old Liberal government.
Same activists and activist judges and FN’s blocking construction and resource development.
Same red tape and bureaucratic hurdles.
Same country today as it was under Trudeau when $1 Trillion in investments left Canada in the first place.
Come back in another 10 years, and it’ll probably still be the same.
Yup….Let’s hear it for ‘stability.’
Investments, let’s start focusing on building Canada once again, industry, jobs, etc. We need actual work and benefits, not just ‘investments’ – without showing for it.
Yes Uncle Fester, PP is bad, PP is dirt, PP is this, PP is that….yawn. Its tiring listening to your same diatribe everyday. At least he hasn’t killed the country and caused so much hate and separation. No, that would be folks like the Libs who have done that. The world can see it but stupid LIbbie acolytes fail too because the ego gets in the way.
Notice that King Carney never mentions oil and gas with all his “energy superpower” talk.
This government will never build a new pipeline, and they are clearly not interested in removing any of the investment killing legislation which has decimated our energy industries.
Carney talks about attracting $1 trillion worth of investment? Even if he gets every penny, economists say that the cost of the Trudeau government was $2 trillion lost.
For all his talk, this Carney government still means we are worse off now than we were ten years ago.
Global news swallows liberal dicks
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I am sure it is a coinsidence that this week BRC said due to Liberal mismanagement and unfriendly policies Canada lost a trillion dollars in investment and Now ol’ Smoke and mirrors Carney says they will have a conference and that will turn around failing investment. But maybe another meaningless MOU might do it.
sounds good but lets be honest here investment is leaving. if you have money to invest it only makes sense to invest where you get the best returns. thats in the red states low taxes lots of workers access to us market less regs. would you honestly invest your own money in developing a new project here. i wouldn’t take the chance.
Whatever happened to the big speech from Carney about Canada being its own best customer and investing in Canadian first. Anyone who can’t see that Carney is a snake oil salesman is a fool.
Whatever happened to the big plan on making Canada self reliant and not to depend on the rest of the world for our economic future. Again another big promise that never got off the ground
Again big talk from Carney but nothing ever changes. More business’s are closing than are opening in Canada and unemployment is still on the rise
Carney trying to make up the lost investment from the Trudeau regime when he was an economic advisor to the PM.
Carney traded Moe’s logjammed canola oil for some EVs. Me?
Why not invest 1 trillion into our own Country? Build pipelines. Build railways. Build manufacturing plants. Build EV plants for EV batteries. Hire Canadians. Will Brookfield be on the other end…..China will be. Maybe. They didn’t make any big deals when Carney was there to make a big deal. Has Carney followed through on any promises like dropping Provincial trade barriers? He says buy Canadian but then invests outside of Canada. I don’t think we need to be in the EU…..but that’s where he wants to take us….while he destroys the middle class workers. But….when we’re destroyed…will the US step in or China? Carney cut our military ‘danger’ pay in half this week. Our military is weaker than ever and he doesn’t seem to care.
Meanwhile, PP spends his time in places like Detroit and Texas. Why? Oh yeah, I do too.
Canadians are too dumb and busy arguing with each other about politicians who really have no control of what goes on there. They take their cut and run to their mansions.
Wouldn’t it be nice to nationalize our vast resources and sell them on the global market and give Canadians a piece of the pie for once? And maximum penalties for corruption because undoubtedly, there will be much in any system. But of course the real controllers of the world would never allow it
Joe Clark
April 17, 2026 at 10:47 am
Who here thinks these investors would trust a trillion dollars to PP? No one. PP is on Texas television again. lol…
“More than $1 trillion in foreign investment exited the Canadian economy between 2015 and 2024, in what the report calls the “largest capital exodus in Canadian history.”
Obviously the investors didn’t trust Trudeau and Carney with it because they all exited.
“More than $1 trillion in foreign investment exited the Canadian economy between 2015 and 2024, in what the report calls the “largest capital exodus in Canadian history.”
Who was running the economy during that time?
PP backers here of course don’t mention the loser. Better to talk about coloured socks or successful brokerage firms. Great guy if he would get his first real job.
Who here thinks these investors would trust a trillion dollars to PP? No one. PP is on Texas television again. lol…
We have the minerals for batteries and a reliable source that the world needs. You are wrong if you think batteries are only for EVs. Batteries are applicable for everyday use like tools, electronic devices and new technologies like robotics. Because of our inept thinking, China is running away with all these new tech such tech as solid state batteries that has the doubled the performance and longevity of todays batteries, and that’s just today. It will get better at X fold. If we don’t act now, we will be has been and looking at China for standards and resources to supply our future needs. The world is moving forward, especially with the crisis in Iran.
Who in their right mind would invest in Canada as it stands now?
And we all will pay for it!
Soon, all of BC will be owned by Hindus. They already own all the gas stations, grocery stores, and most of the rental units
Investment in Canada or Brookfield? We all know the answer is Brookfield
Canada has what investors want?
Like Industrial carbon taxes, endless bureaucratic red tape? Unless of course it will enrich Brookfield assets….then you will get a free ride.
So is he courting the pipeline and fixing the oil tanker ban? No, he is probably trying to get more companies to build batteries and battery powered cars.
We need more investment by Canada. Foreign investment is good, but the profits all go to them…