The first Canada Investment Summit unleashes nearly $500 billion of new investment in Canada

OTTAWA, Canada – Canada has what the world wants. We are a superpower in both clean and conventional energy, with vast deposits of critical minerals. We are the best-connected economy in the world, with free trade deals covering 1.5 billion consumers. We are by far the most competitive country in the G7 for new business investment. We have one of the world’s most educated workforces, the lowest net debt-to-GDP ratio in the G7, and the fiscal capacity to act decisively.

Since forming government, prime minister, Mark Carney, has focused on leveraging these strengths to catalyse $1 trillion of new investment and create more growth, opportunity, and prosperity for Canadians.

Prime Minister Carney convened the first Canada Investment Summit. Hosted in partnership with the Canada Pension Plan Investment Board (CPP Investments) and the Public Sector Pension Investment Board (PSP Investments), the Summit brought together investors from nearly 30 countries, managing more than $100 trillion in assets. They came to Toronto because they see Canada’s economic strength and ambition – and they want to invest in it.

The Canada Investment Summit laid the foundation for enormous new investment and strategic partnerships, while accelerating existing negotiations – resulting in nearly $500 billion in new investment commitments to Canada.

Canada’s leading pension funds, insurers, and institutional investors committed nearly $100 billion in new capital to Canadian assets:

• CPP Investments and Brookfield Asset Management launched the $50 billion Maple Fund to invest in critical infrastructure and strategic industries across Canada.
• PSP Investments will increase its Canadian investments by 30 to 40 percent, an additional $25 billion in Canada, totalling $100 billion.
• The Ontario Teachers’ Pension Plan (OTPP) will invest an additional $10 billion in Canadian opportunities across public and private markets by the end of 2027.
• Sun Life Financial will invest $5 billion over the next five years in critical infrastructure, including digital technology, energy, and transportation.

Canada’s top banks committed nearly $325 billion in new financing for Canadian businesses and infrastructure:

• TD Bank will provide $150 billion in financing over five years across five key sectors, including energy, critical minerals and resources, defence and aerospace, digital and AI, and infrastructure.
• Scotiabank will provide over $100 billion in financing over five years to support Canadian companies and projects in key sectors that will drive forward Canada’s economic growth agenda.
• BMO will invest and mobilise $70 billion in critical Canadian sectors over 10 years, including in energy and transportation infrastructure, mining and critical minerals, AI computing, and defence and security.
• CIBC will provide $2 billion in financing to small and medium-sized defence-related and dual-use businesses in Canada. Funding will be targeted to support eligible businesses operating across a range of strategic sectors, including infrastructure, energy, cybersecurity, digital capabilities, and advanced technologies.
• RBC will invest and mobilise nearly $1.5 billion to support Canadian technology companies with high growth potential. They will provide investee companies with access to commercialisation opportunities, strategic partnerships, and expansion support that are often unavailable through traditional investors.

Investment funds committed to mobilise more than $14 billion in capital to grow Canadian companies, infrastructure, and strategic sectors:

• Power Sustainable will invest and mobilise more than $10 billion for Canadian infrastructure, including power and grid, fibre and data, environmental solutions, and food supply chains.
• Radical Ventures will invest and mobilise $4 billion to launch the Radical Breakouts Fund, the largest venture capital fund of its kind in Canadian history, supporting Canadian AI scale-ups across the technology stack.

On the margins of the Summit, Bell Canada, in partnership with the government of Saskatchewan, announced a historic expansion of the Bell AI Fabric to build a 1.2-gigawatt Canadian AI infrastructure hub in Saskatchewan. This $52.5 billion capital investment is the largest in the province’s history and is expected to create more than 4,500 jobs across construction, operations, management, and related services.

To build on this momentum and unlock even more investment, prime minister Carney announced the game-changing new Productivity Mega Deduction, which will allow businesses to deduct the cost of a much broader range of assets right away, including fibre-optic cable, mining property, oil and gas pipelines, software, research and development, computer equipment, aircraft and vehicles, patents, rail track, bridges, and roads. The federal government is also making immediate expensing permanent so businesses can recover these costs sooner.

The new Productivity Mega Deduction means Canada’s marginal effective tax rate on new business investment will fall from roughly 13 to 6.4 percent – the lowest of any major economy in the world and less than half the rate in the United States.

To further unleash capital, prime minister Carney announced that Canada will seek private investment through long-term concessions to operate Canada’s four largest airports. Working with airport authorities and other stakeholders, including airlines and local governments, the federal government will retain ownership of the underlying land and assets, while also bringing in new private capital. The tens of billions of dollars of capital raised would then be reinvested into building the infrastructure that Canada needs for the next generation: regional airports, new local transportation infrastructure, and new nation-building infrastructure, including a sovereign broadband backbone that connects Canadians from coast to coast to coast.

The government also made landmark new investments in two sectors central to Canada’s competitiveness: defence and critical minerals. Through the Business Development Bank of Canada (BDC), the federal government will deploy $700 million in new funding to accelerate growth in Canadian defence and dual-use technologies, including $500 million across specialised investment funds and $200 million for StrongNorth, increasing the fund from $300 million to $500 million. These investments are part of the BDC’s $6 billion Defence Platform, which helps Canadian companies scale, innovate, and compete globally through financing, investment, and advisory support. The government also committed approximately $140 million through the Canada Growth Fund to support Generation Mining’s Marathon Project in Northwestern Ontario – one of Canada’s only fully permitted, shovel-ready critical minerals projects. The project will produce copper and palladium, strengthening domestic supply and building more resilient North American supply chains.

Business leaders, investors, and financial institutions are mobilising behind Canada’s bold new vision to build, innovate, and lead in a changing world, and the impact on Canada and Canadians will be profound. These agreements will catalyse nearly $500 billion of investment into Canadian workers, businesses, and industries – in energy, critical minerals, new technologies, and AI – create thousands of new high-paying careers, and bolster our strategic autonomy. The Canada Investment Summit advanced our most important mission of building a stronger, more independent, more resilient Canadian economy for all.