Carney announces Toronto investment summit targeting $1T in projects over five years

Prime Minister Mark Carney says the federal government will host a new Canada Investment Summit in Toronto this fall, aimed at attracting up to $1 trillion in investment for major projects over the next five years.

According to a statement from the Prime Minister’s Office, the summit will bring together global investors, chief executives and business leaders on Sept. 14 and 15 to advance what it describes as “nation-building projects.” The federal government is organizing the event in partnership with the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board.

Carney said Canada’s position as a major energy producer and its highly educated workforce make it an attractive destination for capital. He said the summit is intended to convert those advantages into long-term investments that support business growth, job creation and economic expansion.

The announcement comes amid ongoing economic pressures, including higher fuel costs linked to the Iran war and continued tariffs imposed by the United States, factors the federal government has said are affecting investment conditions and trade.

The Prime Minister’s Office did not specify which sectors or projects will be prioritized, or how the $1 trillion target will be measured or tracked.