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Three PMs: Carney recruits Chrétien, Harper to kick off investment summit
Bell’s $50 billion Saskatchewan data-centre expansion anchors Carney’s effort to draw $1 trillion in investment over five years.
On Monday, Prime Minister Mark Carney opened the two-day Canada Investment Summit in Toronto, where Bell announced a $50 billion data-centre expansion in Saskatchewan, one of the largest private-sector investments in Canadian history.
The summit aims to attract $1 trillion in capital over five years, with support from former prime ministers Liberal Jean Chrétien and Conservative Stephen Harper, who joined Carney to pitch major infrastructure projects.
Ottawa announced priority access to binding tax rulings for investors committing $1 billion or more, while global executives including BlackRock CEO Larry Fink and Blackstone president Jon Gray attended the summit.
Conservative Leader Pierre Poilievre criticized the event, stating "speeches, summits and symbolic signing ceremonies do not grow the economy," while demonstrators marched Monday protesting private-sector control of Canada's economic future.
Programming continues Tuesday at the Four Seasons Hotel with sector-specific panels and an opening keynote address from Carney, translating high-level networking into concrete investment opportunities.