Canada Investment Summit secures nearly $500 billion in new investment commitments

The summit, hosted in Toronto in partnership with the Canada Pension Plan Investment Board (CPP Investments) and the Public Sector Pension Investment Board (PSP Investments), brought together investors from nearly 30 countries managing more than $100 trillion in assets.

The commitments include nearly $100 billion in new capital from Canadian pension funds, insurers and institutional investors, nearly $325 billion in financing from major banks, and more than $14 billion to be mobilised by investment funds.

Pension funds commit new capital

CPP Investments and Brookfield Asset Management have 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%, adding approximately $25 billion and bringing its total Canadian investments to $100 billion.

The Ontario Teachers’ Pension Plan will invest an additional $10 billion in Canadian opportunities across public and private markets by the end of 2027.

Sun Life Financial has also committed $5 billion over five years to critical infrastructure, including digital technology, energy and transportation.

Banks target strategic sectors

Canada’s leading banks announced major financing commitments for businesses and infrastructure.

TD Bank will provide $150 billion in financing over five years for sectors including energy, critical minerals, defence and aerospace, digital technology, artificial intelligence and infrastructure.

Scotiabank plans to provide more than $100 billion in financing over the same period, while BMO will invest and mobilise $70 billion over 10 years in areas such as energy, transportation, mining, critical minerals, AI computing and defence.

CIBC will provide $2 billion in financing for small and medium-sized defence-related and dual-use businesses.

RBC will invest and mobilise nearly $1.5 billion to support high-growth Canadian technology companies through commercialisation opportunities, strategic partnerships and expansion support.

AI and infrastructure investments

Power Sustainable will invest and mobilise more than $10 billion for Canadian infrastructure, including power grids, fibre and data networks, environmental solutions and food supply chains.

Radical Ventures will launch the $4-billion Radical Breakouts Fund to support Canadian AI scale-ups.

Separately, Bell Canada, in partnership with the Government of Saskatchewan, announced a $52.5-billion expansion of the Bell AI Fabric. The project will create a 1.2-gigawatt AI infrastructure hub in Saskatchewan and is expected to generate more than 4,500 jobs.

The government also announced a new Productivity Mega Deduction, allowing businesses to immediately deduct the cost of a wider range of assets, including fibre-optic cable, mining property, pipelines, software, research and development, computer equipment, aircraft, vehicles, rail tracks, bridges and roads.

Focus on defence and critical minerals

The government said it would deploy $700 million through the Business Development Bank of Canada to support Canadian defence and dual-use technologies.

The funding includes $500 million for specialised investment funds and $200 million for StrongNorth, increasing the fund from $300 million to $500 million.

The government also committed approximately $140 million through the Canada Growth Fund to support Generation Mining’s Marathon Project in Northwestern Ontario. The project is expected to produce copper and palladium and strengthen domestic supply chains for critical minerals.

Prime Minister Carney said the summit had sent a clear message about Canada’s investment potential.

“The Canada Investment Summit brought the world to Canada with a clear message: Canada is building big. Build with us,” Carney said.

“We unleashed nearly $500 billion of new investment into Canadian businesses and infrastructure, and this is just the beginning,” he added.

Next steps

The government said it would seek private investment through long-term concessions to operate Canada’s four largest airports while retaining ownership of the underlying land and assets.

The capital raised would be reinvested in regional airports, local transport infrastructure and a proposed sovereign broadband backbone connecting communities across the country.

CPP Investments CEO John Graham said the summit’s success would ultimately be measured by the investments and partnerships that follow.

“The real measure of this Summit will be what happens next,” Graham said, adding that the relationships developed during the event could translate into lasting economic value.

The government has set a broader target of catalysing $1 trillion in total investment over five years through public, private and institutional partnerships.