Prime Minister Carney to kick off first investment summit in Toronto

Prime Minister Mark Carney opened Canada's first-ever investment summit in Toronto on Monday, aiming to attract significant investment to the country over the next five years. Hundreds of executives and global asset managers gathered to explore major projects across various sectors, including energy, infrastructure, and critical minerals.

Carney emphasized Canada's strengths, including its energy resources, talent, technology, and capital, while acknowledging trust as a crucial factor. The summit included a gala dinner for Canadian business leaders and politicians, with Carney hinting at a number of signed deals. On Tuesday, investors will continue their meetings at the Four Seasons Hotel for presentations about Canada's investment landscape.

Ontario Premier Doug Ford highlighted that invitees came from countries such as Kuwait, Malaysia, the Netherlands, Singapore, Qatar, Norway, Japan, and Australia. Ford stated that 15 major projects in Ontario were up for offer, including energy production, critical minerals, AI, and advanced manufacturing. However, civil society groups expressed concerns, mobilizing with a banner reading "The Many vs. The Money" and planning direct interventions, as they believe Carney's plan favors CEOs and threatens public services, pipelines, and arms manufacturing.