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Carney announces new summit in Toronto aimed at driving $1 trillion in investment
The summit aims to draw firms controlling trillions in capital and help unlock $1 trillion in investment over five years, officials said.
- On Friday, Prime Minister Mark Carney announced the first Canada Investment Summit, inviting some of the world's largest investors to Toronto this September to pitch Canada as a stable destination for capital.
- Amid deepening economic uncertainty and volatility worldwide, Carney is pitching "Canada, Inc." as a safe, reliable environment for infrastructure and energy projects amid geopolitical instability.
- Co-Hosted by the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board, the summit targets unleashing $1 trillion in investment over five years, leveraging the funds' nearly $1.1 trillion in assets.
- "Canada is in a really good place. Canada is cool again," said Michel Leduc, senior managing director at the Canada Pension Plan Investment Board, who hopes the conference establishes long-term relationships with major investors.
- Business leaders caution that summits alone are insufficient, even as foreign direct investment recently showed signs of picking up; as of Friday, organizers had not confirmed which invited participants planned to attend.
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Prime Minister Mark Carney announces the holding of a new Canadian Investment Summit, which will bring together international business leaders and entrepreneurs in Toronto this fall.
·Montreal, Canada
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ANALYSIS | Canada has invited the top 100 global investors to a summit this fall
Prime Minister Mark Carney has sent invitations to 100 of the biggest investment firms in the world. He's pitching an Invest in Canada Summit this fall to unlock trillions of dollars in investments in Canada.
·Canada
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Total News Sources32
Leaning Left16Leaning Right2Center6Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 25%
Factuality
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