Canada seeks $1tn from investors looking for a haven from Donald Trump

Live updates

1. 1d ago

   Canada targets $1 trillion in investment to offset Trump trade war

   Prime Minister Mark Carney is courting the world's largest investment funds to secure $1 trillion for Canada. The effort centers on a first-ever investment summit in Toronto, where Ottawa is pitching 167 projects spanning AI, railways, and pipelines. The strategy aims to reduce Canada's economic reliance on the United States as a trade war with President Donald Trump escalates. While the government expresses confidence in securing deals and memorandums of understanding, the summit faces planned protests and serves as a critical test for Carney's leadership.

   Why it matters

   Canada is positioning itself as a stable haven for global capital amidst political volatility in the U.S. This shift is necessary because current foreign investment trends show a heavy concentration of capital originating from the United States.

   What is confirmed

   • Canada is seeking $1 trillion from investors.
   • Prime Minister Mark Carney is leading an investment summit to attract global funds.
   • Ottawa is pitching 167 projects including AI, railways, and pipelines.
   • The investment summit is taking place in Toronto.

   Still unconfirmed

   • Economic activity is already spurring from the investment summit according to Mark Carney.
   • Much of the foreign money currently flooding into Canada is coming from the U.S.
   • The North Island Project was selected for the 2026 Canada Investment Summit Dealbook.

   What to watch next

   • Announcement of signed deals or MOUs following the Toronto summit
   • Reports on the total capital committed by global funds
   • Details on the scale of protests during the summit
   Sources used for this update (13)

   1. wsj.com — Canada Pins Hope for Economic Turbocharge on High-Profile Investor Summit
   2. CBC — From pipelines to railways and AI: Ottawa pitches 167 projects ahead of Carney's investment summit
   3. The Globe and Mail — Foreign money is flooding into Canada. But a closer look reveals much of it is coming from the U.S.
   4. Financial Post — Mark Carney wants the world's biggest funds to invest billions in Canada. Will they buy in?
   5. Financial Times — Canada seeks $1tn from investors looking for a haven from Donald Trump
   6. The Globe and Mail — Is Carney a closer? The Canada Investment Summit will be the ultimate test
   7. Business Wire — Northisle Announces Selection of the North Island Project for the 2026 Canada Investment Summit Dealbook
   8. Toronto Star — Next week, Mark Carney faces his biggest tests as PM. Here’s why
   9. CTV News — Carney to showcase Canada's capital agenda at first-ever investment summit
   10. Global News — Carney says economic activity already spurring from investment summit
   11. CP24 — Protests planned for Carney's investment summit in Toronto
   12. The Globe and Mail — Ottawa confident it can secure deals, MOUs at investment summit, Joly says
   confidence 90%