Canada’s problem is execution — and Carney’s investment summit hasn’t changed that
In April, I wrote here about what Canada does best: producing food, energy, commodities, manufactured goods and services the world needs.
This week, the Government of Canada hosted the Canada Investment Summit in Toronto. It brought together global investors, Canadian CEOs and public sector representatives with the single aim of accelerating new investment into Canada.
The summit is a positive signal but it’s only a start. True results are measured by dollars: money invested in Canada to build things and sell them to the world.
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The summit’s 66-page prospectus is an impressive catalogue of potential investment involving energy projects, critical minerals , ports, transportation corridors, data centres, artificial intelligence infrastructure, advanced manufacturing and clean energy developments spread across the country.
The summit also shows us just how much the conversation has changed. A few years ago, under the same government but different leadership, investment opportunities were often off the table before they were even seriously considered. Major energy and infrastructure projects struggled to gain momentum, and investors were left frustrated and wondering if major projects could actually get built in Canada.
Geopolitical events have changed how countries think about energy and energy security . Critical minerals have become a national security issue, while artificial intelligence is creating an unprecedented demand for electricity and infrastructure to support it.
Our increasingly difficult relationship with our largest trading partner has delivered a blunt reminder that Canada cannot simply rely on the status quo. We have to become more resilient, find new customers and advance our economic opportunities.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on financialpost.com — the content belongs to Financial Post.