Canada's first-ever Investment Summit brought roughly 100 global investors to Toronto as Prime Minister Mark Carney unveiled sweeping tax incentives and infrastructure plans.
Prime Minister Mark Carney convened Canada's first-ever Investment Summit in Toronto on September 14-15, 2026, courting about 100 of the world's largest investors in a bid to catalyze more than $1 trillion in investment over five years, according to the Prime Minister's Office. The two-day gathering, held amid an ongoing trade war with the United States, targeted institutional players managing a combined $120 trillion in assets, including CEOs from BlackRock and Blackstone alongside Canada's major pension funds, wire services reported.
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Carney used the summit to announce an expanded "Productivity Mega Deduction," which the government says will nearly halve Canada's effective tax rate on new investment to 6.4%, less than half the comparable U.S. rate, the Associated Press reported. The measure lets businesses immediately write off more than 65% of eligible capital investment in sectors including pipelines, mines, fibre-optic cables, rail and bridges, up from roughly 15% previously, according to the National Observer. Ottawa estimates the incremental fiscal cost at about $36 billion over five years starting in 2026-27, with modelling suggesting the incentives could generate up to $22 billion in annual economic output and support 80,000 jobs a year. Carney also announced Ottawa will seek long-term private concessions to operate Canada's four largest airports — Toronto, Vancouver, Montreal and Calgary — while retaining public ownership of land and assets, with Transport Canada overseeing the arrangement.
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Positioning Canada Amid the U.S. Trade War
Carney, a former central banker, emphasized Canada's political stability, energy and critical-mineral resources, educated workforce, and trade agreements giving access to roughly 1.5 billion consumers worldwide, according to ABC News. The pitch is explicitly framed against President Donald Trump's trade actions, with Carney stating the incentive to invest in Canada is "twice as high as it is in the United States." Former Prime Minister Stephen Harper, cited in concurrent coverage, said Canada had "no choice" but to walk away from U.S. trade talks. Government capital and incentives of about $280 billion are intended to leverage private and institutional funds toward the trillion-dollar target, the Prime Minister's Office said. Specific investment commitments from attending firms had not been detailed in available government or wire reporting following the summit.
