Carney, Harper make case for Canada at investment summit
The federal plan would cut business taxes and expand immediate expensing as Ottawa seeks to attract $1 trillion in investment over five years.
- On Tuesday, Prime Minister Mark Carney unveiled a $36 billion tax reform package and plans to open Canada's four major airports to private investment at the Canada Investment Summit in Toronto, targeting $1 trillion in investment over five years.
- To boost competitiveness, Ottawa lowered the marginal effective tax rate to 6.4% from 13% and will introduce legislation expanding the "one project, one review, one year" framework for infrastructure approvals.
- Former Prime Minister Stephen Harper urged Canada to become an "energy superpower" and stated the country had "no choice" but to walk away from recent United States trade negotiations.
- Bombardier CEO Martel said the summit proves Canada is "open for business," while Blackstone president Jon Gray described the country as a "sleeping giant" that is now waking up.
- Critics including Indigenous leaders, environmental groups, and unions warned that the privatization of public assets and infrastructure amounts to a "fire sale" of Canada's resources.
16 Articles
16 Articles
Canada seeks greater economic independence from US as Carney courts investors
TORONTO, Sept 16 — Prime Minister Mark Carney pitched Canada as an investment haven yesterday at a gathering of global financial elite, but conceded ties with the United States remained crucial despite an escalating trade war.Carney convened the Canada Investment Summit as part of his push to diversify an economy he insists had grown too reliant on an increasingly protectionist United States.The guest list for the event in Toronto included repre…
Rocky Mountain Outlook
Carney, Harper make the case for Canada at inaugural investment summit
TORONTO — A Liberal and a Conservative prime minister book-ended the final day of Canada's first-ever investment summit, each making their pitch to global investors for help fulfilling an ambitious capital agenda.
Canada Investment Summit lays the foundation for enormous new investment, says Carney
Nearly $500 billion in new investment has been committed at the Canada Investment Summit as the federal government said it is seeking private investments for the country’s airports, making major tax-related announcements and making changes that may speed up the permitting processes for key…
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