The first Canada Investment Summit brought $500 billion of new investment
Sept 18, 2026
Global Korean Post
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The Prime Minister convened the first Canada Investment Summit in Toronto, three days ago.
Hosted in partnership with the Canada Pension Plan Investment Board (CPP Investments) and the Public Sector Pension Investment Board (PSP Investments), the Summit brought together investors from nearly 30 countries, managing more than $100 trillion in assets. They came to Toronto because they see Canada’s economic strength and ambition – and they want to invest in it.
The Canada Investment Summit laid the foundation for enormous new investment and strategic partnerships, while accelerating existing negotiations – resulting in nearly $500 billion in new investment commitments to Canada.
To build on this momentum and unlock even more investment, Prime Minister Carney on September 15, announced the game-changing new Productivity Mega Deduction, which will allow businesses to deduct the cost of a much broader range of assets right away, including fibre-optic cable, mining property, oil and gas pipelines, software, research and development, computer equipment, aircraft and vehicles, patents, rail track, bridges, and roads.
The new Productivity Mega Deduction means Canada’s marginal effective tax rate on new business investment will fall from roughly 13% to 6.4% – the lowest of any major economy in the world and less than half the rate in the United States.
Business leaders, investors, and financial institutions are mobilising behind Canada’s bold new vision to build, innovate, and lead in a changing world, and the impact on Canada and Canadians will be profound.
These agreements will catalyse nearly $500 billion of investment into Canadian workers, businesses, and industries – in energy, critical minerals, new technologies, and AI – create thousands of new high-paying careers, and bolster our strategic autonomy.
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Edited by Global Korean Post
