How Carney plans to sell Canada to the world's biggest investors

Live updates

1. 15h ago

   PM Carney Targets $1 Trillion in Global Investment via Toronto Summit

   Prime Minister Mark Carney is leveraging an inaugural investment summit in Toronto to attract $1 trillion from global investors, positioning Canada as a stable haven amid a trade war with U.S. President Donald Trump. Carney seeks to diversify investment beyond the United States, specifically targeting climate technology and a unique economic alliance with the European Union. To incentivize large proposals, Canada will prioritize tax rulings. While Carney claims the summit is already spurring economic activity, the plan includes controversial proposals to open Canada's four largest airports to private operation.

   Why it matters

   Canada is currently engaged in a trade war with the U.S., prompting the government to seek more independent economic ties. This strategy aims to move Canada beyond its reliance on its southern neighbor by courting global finance titans. The move toward privatization in infrastructure has triggered public protests and criticism from environmentalists.

   What is confirmed

   • Prime Minister Mark Carney is hosting an inaugural investment summit in Toronto.
   • Canada is seeking $1 trillion from investors.
   • Carney has stated that economic activity is already being spurred by the investment summit.
   • Canada is currently in a trade war with the United States.
   • Protests have occurred in Toronto regarding privatization and the investment summit.
   • Canada will prioritize tax rulings for large investment proposals.

   Still unconfirmed

   • Carney intends to have private investors operate airports in Toronto, Montreal, Calgary, and Vancouver.

   What to watch next

   • Announcement of signed deals or Memorandums of Understanding from the summit
   • Formalization of the proposed economic alliance with the European Union
   • Official policy release on the privatization of the four largest airports
   Sources used for this update (24)

   1. wsj.com — Canada Pins Hope for Economic Turbocharge on High-Profile Investor Summit
   2. The Globe and Mail — Foreign money is flooding into Canada. But a closer look reveals much of it is coming from the U.S.
   3. Bloomberg.com — Carney’s Canada Pitch Puts Toronto in Global Finance Spotlight
   4. Financial Times — Canada seeks $1tn from investors looking for a haven from Donald Trump
   5. Global News — Carney says economic activity already spurring from investment summit
   6. The Globe and Mail — Ottawa confident it can secure deals, MOUs at investment summit, Joly says
   7. BBC — How Carney plans to sell Canada to the world's biggest investors
   8. Toronto Star — David Suzuki: Mark Carney’s investment summit is bound to fail unless it faces this fundamental issue
   9. ctvnews.ca — Carney teases economic activity already spurring from investment summit
   10. toronto.citynews.ca — Protests planned for Carney’s investment summit in Toronto
   11. U.S. News & World Report — Carney Pitches Canada to Global Investors as Trump Tries to Pull Investment South
   12. CBC — As investors arrive for Carney's summit, what's on the table and what will it take for them to buy in?
   confidence 90%