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Prime Minister Carney to kick off first investment summit in Toronto
The summit brings together about 100 global investors and Canadian leaders to pitch energy, infrastructure and critical minerals projects.
On Monday, Canadian Prime Minister Mark Carney welcomed global investors to Toronto for a two-day summit aimed at securing $1 trillion in investment over five years to navigate Canada's economy through trade tensions with the United States.
Carney seeks to broaden Canada's global footprint amid mounting U.S. tariffs, positioning the nation as a stable, predictable market to attract capital into energy, infrastructure, and critical mineral projects.
The event hosts 100 major investors—including BlackRock Inc. CEO Larry Fink and Blackstone President Jon Gray—reviewing over 160 projects ranging from mining to AI-focused technology aimed at fostering growth.
Outside the summit, demonstrators mobilized Monday with banners reading "The Many vs. The Money," while organizers rejected Carney's plan for "direct intervention," fearing the government will "auction off" public resources.
While officials hope to foster "trust," government sources note major deals may take 12 to 18 months to materialize, as Carney emphasized the nation's greatest strength lies "something that cannot be found on any balance sheet: trust.