Politics

Canada Is Pitching Big Investors in Toronto

Graham ThorntonPublished 3w ago3 min readBased on 5 sources
Reading level
Canada Is Pitching Big Investors in Toronto
Photo by Andre Furtado on Pexels

Prime Minister Mark Carney is hosting Canada's first Investment Summit in Toronto on September 14-15, 2026. Business leaders from around the world are attending. The Globe and Mail The event was announced in April as Ottawa's direct pitch to foreign investors. Prime Minister's Office

On Tuesday, September 15, Carney will give the opening speech. He will then sit down for a public conversation with Deborah Orida.

Before the public events, Carney met one-on-one with four top investors. They were BlackRock CEO Larry Fink, Macquarie Group CEO Shemara Wikramanayake, Blackstone president and COO Jonathan Gray, and Kuwait Investment Authority managing director Sheikh Saoud Salem Abdulaziz Al-Sabah.

Former prime minister Stephen Harper will give the last speech of the summit. PBS NewsHour It is called "Capturing Canada's Moment." In 2007, Harper was prime minister and chose Carney to lead the Bank of Canada.

Carney told the audience the world had come to Canada that week "to see what Canada can do, what it can build and to partner with Canada."

The first big project linked to the week is in Saskatchewan. BCE Inc. plans to make its artificial-intelligence data centres there four times larger. Think of a data centre as a warehouse full of computers that powers AI. The company wants to build three new sites with up to 1.2 gigawatts of computing power, and spend more than $5-billion.

The plan was announced in Toronto at the Invest in Saskatchewan Forum. BCE CEO Mirko Bibic, Saskatchewan Premier Scott Moe and Carney were on stage together. In Canada, the province controls energy, land use and permits. Ottawa handles trade promotion, review of foreign investment and national money for infrastructure.

Carney had earlier said he looked forward to welcoming investors from Saudi Arabia to the Toronto summit. He said that in a July joint statement with the Crown Prince and prime minister of Saudi Arabia.

The broader context here is how the week is organised. Private meetings came first. The main event is in Toronto, but provinces get their own announcements. Having both levels of government on stage shows joint backing. Other provinces will want the same attention for their own projects.

In my view, inviting Harper also sends a political message. It tells long-term investors that Canada stays steady when governments change. It tells voters at home the effort has support from both major parties. What counts now is whether talk turns into signed deals and final decisions to spend the money and build.