The first Canada Investment Summit unleashes nearly $500 billion of new investment in Canada

TORONTO, Sept. 15, 2026 /CNW/ -- Canada has what the world wants. We are a superpower in both clean and conventional energy, with vast deposits of critical minerals. We are the best-connected economy in the world, with free trade deals covering 1.5 billion consumers. We are by far the most competitive country in the G7 for new business investment. We have one of the world's most educated workforces, the lowest net debt-to-GDP ratio in the G7, and the fiscal capacity to act decisively. Since forming government, the Prime Minister, Mark Carney, has focused on leveraging these strengths to catalyse $1 trillion of new investment and create more growth, opportunity, and prosperity for Canadians.

To that end, the Prime Minister convened the first Canada Investment Summit. Hosted in partnership with the Canada Pension Plan Investment Board (CPP Investments) and the Public Sector Pension Investment Board (PSP Investments), the Summit brought together investors from nearly 30 countries, managing more than $100 trillion in assets. They came to Toronto because they see Canada's economic strength and ambition – and they want to invest in it.

The Canada Investment Summit laid the foundation for enormous new investment and strategic partnerships, while accelerating existing negotiations – resulting in nearly $500 billion in new investment commitments to Canada.

Canada's leading pension funds, insurers, and institutional investors committed nearly $100 billion in new capital to Canadian assets:

• CPP Investments and Brookfield Asset Management launched the $50 billion Maple Fund to invest in critical infrastructure and strategic industries across Canada.
• PSP Investments will increase its Canadian investments by 30 to 40%, an additional $25 billion in Canada, totalling $100 billion.
• The Ontario Teachers' Pension Plan (OTPP) will invest an additional $10 billion in Canadian opportunities across public and private markets by the end of 2027.
• Sun Life Financial will invest $5 billion over the next five years in critical infrastructure, including digital technology, energy, and transportation.

Canada's top banks committed nearly $325 billion in new financing for Canadian businesses and infrastructure:

• TD Bank will provide $150 billion in financing over five years across five key sectors, including energy, critical minerals and resources, defence and aerospace, digital and AI, and infrastructure.
• Scotiabank will provide over $100 billion in financing over five years to support Canadian companies and projects in key sectors that will drive forward Canada's economic growth agenda.
• BMO will invest and mobilise $70 billion in critical Canadian sectors over 10 years, including in energy and transportation infrastructure, mining and critical minerals, AI computing, and defence and security.
• CIBC will provide $2 billion in financing to small and medium-sized defence-related and dual-use businesses in Canada. Funding will be targeted to support eligible businesses operating across a range of strategic sectors, including infrastructure, energy, cybersecurity, digital capabilities, and advanced technologies.
• RBC will invest and mobilise nearly $1.5 billion to support Canadian technology companies with high growth potential. They will provide investee companies with access to commercialisation opportunities, strategic partnerships, and expansion support that are often unavailable through traditional investors.

Investment funds committed to mobilise more than $14 billion in capital to grow Canadian companies, infrastructure, and strategic sectors:

• Power Sustainable will invest and mobilise more than $10 billion for Canadian infrastructure, including power and grid, fibre and data, environmental solutions, and food supply chains.
• Radical Ventures will invest and mobilise $4 billion to launch the Radical Breakouts Fund, the largest venture capital fund of its kind in Canadian history, supporting Canadian AI scale-ups across the technology stack.

On the margins of the Summit, Bell Canada, in partnership with the Government of Saskatchewan, announced a historic expansion of the Bell AI Fabric to build a 1.2-gigawatt Canadian AI infrastructure hub in Saskatchewan. This $52.5 billion capital investment is the largest in the province's history and is expected to create more than 4,500 jobs across construction, operations, management, and related services.

To build on this momentum and unlock even more investment, Prime Minister Carney announced the game-changing new Productivity Mega Deduction, which will allow businesses to deduct the cost of a much broader range of assets right away, including fibre-optic cable, mining property, oil and gas pipelines, software, research and development, computer equipment, aircraft and vehicles, patents, rail track, bridges, and roads. The federal government is also making immediate expensing permanent so businesses can recover these costs sooner. The new Productivity Mega Deduction means Canada's marginal effective tax rate on new business investment will fall from roughly 13% to 6.4% – the lowest of any major economy in the world and less than half the rate in the United States.

To further unleash capital, the Prime Minister announced that Canada will seek private investment through long-term concessions to operate Canada's four largest airports. Working with airport authorities and other stakeholders, including airlines and local governments, the federal government will retain ownership of the underlying land and assets, while also bringing in new private capital. The tens of billions of dollars of capital raised would then be reinvested into building the infrastructure that Canada needs for the next generation: regional airports, new local transportation infrastructure, and new nation-building infrastructure, including a sovereign broadband backbone that connects Canadians from coast to coast to coast.

The government also made landmark new investments in two sectors central to Canada's competitiveness: defence and critical minerals. Through the Business Development Bank of Canada (BDC), the federal government will deploy $700 million in new funding to accelerate growth in Canadian defence and dual-use technologies, including $500 million across specialised investment funds and $200 million for StrongNorth, increasing the fund from $300 million to $500 million. These investments are part of the BDC's $6 billion Defence Platform, which helps Canadian companies scale, innovate, and compete globally through financing, investment, and advisory support. The government also committed approximately $140 million through the Canada Growth Fund to support Generation Mining's Marathon Project in Northwestern Ontario – one of Canada's only fully permitted, shovel-ready critical minerals projects. The project will produce copper and palladium, strengthening domestic supply and building more resilient North American supply chains.

Business leaders, investors, and financial institutions are mobilising behind Canada's bold new vision to build, innovate, and lead in a changing world, and the impact on Canada and Canadians will be profound. These agreements will catalyse nearly $500 billion of investment into Canadian workers, businesses, and industries – in energy, critical minerals, new technologies, and AI – create thousands of new high-paying careers, and bolster our strategic autonomy. The Canada Investment Summit advanced our most important mission of building a stronger, more independent, more resilient Canadian economy for all.

Quotes
"The Canada Investment Summit brought the world to Canada with a clear message: Canada is building big. Build with us. We unleashed nearly $500 billion of new investment into Canadian businesses and infrastructure – and this is just the beginning. The world sees our strengths and ambitions, and we will harness this moment to generate lasting growth, opportunity, and prosperity for Canadians. Canada is boldly unleashing our enormous potential, and we are just getting started."
-- The Rt. Hon. Mark Carney, Prime Minister of Canada

"The Canada Investment Summit has reinforced the depth of global interest in Canada and the opportunity to turn that interest into action. Over the past two days, we have brought together leading investors, businesses, and public-sector partners around a compelling investment case for Canada, and identified concrete areas for further engagement. The CPP Investments team is energised by the conversations and stands ready to work with partners around the world to create enduring value in Canada for the CPP Fund. The real measure of this Summit will be what happens next, and I am confident the relationships and momentum built here can translate into meaningful investment and lasting economic value."
-- John Graham, President and Chief Executive Officer of CPP Investments

"PSP Investments is proud to have played a role in reinforcing Canada's standing as a destination of choice for global capital. Canadian business leaders and global investors have answered the call. We have a solid foundation in place. Now we need to capitalise on it. In this new global investing regime, Canada is well positioned to compete for capital, and we are confident in the momentum already taking shape."
-- Deborah K. Orida, President and Chief Executive Officer of PSP Investments

Quick facts

• The Canada Investment Summit was hosted by the federal government in partnership with CPP Investments and PSP Investments, two of Canada's largest and most sophisticated institutional investors.
• Over five years, the government's capital investments and incentives in support of third parties are expected to help enable more than $1 trillion in total investment from public, private, and institutional partners.
• Canada consistently ranks among the top destinations for foreign direct investment (FDI) confidence, with a AAA credit rating, the lowest net debt-to-GDP ratio in the G7, and the number one ranking among G7 countries for banking stability.
• FDI in Canada is at its highest level in two decades, running at twice the rate of our nearest G7 competitor.
• Canada is now creating jobs at four times the rate of the United States.
• We have the world's most educated workforce, a leading AI sector that is adding jobs faster than the United States, and a $140 billion quantum opportunity.
• With 16 free trade agreements across 51 countries, Canada has preferential access to 1.5 billion consumers representing two thirds of global GDP. Over the next six months, we will double that market access through new trade deals, from ASEAN to India.
• Canada ranks as the most attractive country in the world for infrastructure investment.
• Since September 2025, we have referred 27 nation-building initiatives to the new Major Projects Office – new ports, mines, and energy corridors from every region of the country that now represent $500 billion in new private investment.
• Outlined in Budget 2025 in and the Spring Economic Update 2026, the government committed to reforming Canada's airports system to lower air passenger costs and better position airports to attract private investment. This included assessing opportunities to unlock the full value of airports in support of investments in Canada's long-term growth, including through alternative models of ownership.

This document is also available at https://pm.gc.ca

SOURCE Prime Minister's Office

PMO Media Relations: [email protected]