Canada will seek private investment at 4 largest airports, Carney tells summit
Carney to speak at Canada Investment Summit
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Prime Minister Mark Carney is set to speak Tuesday at a Toronto investment summit aimed at pitching Canada to business leaders and money managers from around the world.
The Latest
- Prime Minister Mark Carney is set to deliver remarks and hold a news conference at his government investment summit in Toronto today.
- Hundreds of executives and global asset managers are attending the summit, as Carney looks to attract $1 trillion in new investment to Canada over the next five years.
- A special Liberal Party caucus meeting was held last night to discuss private investment in major city airports.
- Canada Pension Plan Investment Board and Brookfield Asset Management Ltd. have announced a new $50 billion fund for large-scale investments in Canada.
- More than 1,000 demonstrators gathered in downtown Toronto yesterday to protest against the summit, arguing Canada's economic future should not be put in the hands of CEOs.
Pinned
167 projects on the table at investment summit
Carney's $1 trillion investment summit draws powerbrokers, protesters
10 hours ago|
Duration 6:13
Prime Minister Mark Carney hosted a slew of global investors at the Canadian Investment Summit in Toronto, where he hopes to raise $1 trillion in capital. The event also drew hundreds of protesters concerned about giving CEOs more control over Canadian resources.
Canada's investment summit is entering its second day today. The summit comes as a new suite of 50 per cent tariffs imposed by U.S. President Donald Trump kicked in, amid the Canada-U.S. trade war.
Prime Minister Mark Carney's government is seeking to turn high-level meetings with global investors into major deals that could make Canada less dependent on trade with the U.S.
The government has set a goal of attracting $1 trillion in new investment to Canada. But landing major deals could depend on whether Canada can address some of the concerns that have deterred investors in the past — including lengthy approval processes and uncertainty around getting major projects built.
Some 167 projects, ranging from a proposed pipeline carrying oil from Alberta to B.C.'s coast to developing satellite technology for Earth observation, are among the investment opportunities on the table, according to a 66-page prospectus obtained by CBC News.
Follow along here for the latest announcements and developments.
-With files from Abby Hughes
September 15
Lots of activity at the Four Seasons
I’m at the Four Seasons Hotel in Toronto, where the final day of the investment summit is getting underway.
With lots of big names from massive companies like BlackRock and major banks here, there's also a ton of security around.
I counted at least 10 police cruisers on my way in at 6:45 a.m., and plenty more on bikes. They were shutting down a side street on the north side of the hotel at that time. And there's a sea of security guards in black suits ushering around premiers and other leaders — including the prime minister, who walked past the media while we were waiting in the lobby a little while ago.
Ministers discuss opening airports to private investment: source
Is Carney's government preparing to privatize Canadian airports?
April 29|
Duration 10:47
The Liberals say they're exploring selling Canada's airports to private owners, a plan introduced in the spring economic update. Transport Minister Steven MacKinnon says that while talks are in early stages, they 'want to find a way for more Canadians to fully benefit from these assets that they own.'
A special Liberal Party caucus meeting was held last night to discuss private investment in major city airports, a federal government source has confirmed to CBC/Radio-Canada.
The Globe and Mail and CTV reported the information earlier this morning — which appears to be in line with last year's budget tabled by Carney.
"The government will also examine various scenarios for privatizing airports," the budget said on page 118.
In the spring Carney also said: "We are exploring options so that airports better serve Canadians and so that the capital tied up in these airports can potentially be redeployed to other projects that will grow our economy."
-With files from Radio-Canada's Fannie Olivier and Laurence Martin
167 projects on the table at investment summit
Carney's $1 trillion investment summit draws powerbrokers, protesters
10 hours ago|
Duration 6:13
Prime Minister Mark Carney hosted a slew of global investors at the Canadian Investment Summit in Toronto, where he hopes to raise $1 trillion in capital. The event also drew hundreds of protesters concerned about giving CEOs more control over Canadian resources.
Canada's investment summit is entering its second day today. The summit comes as a new suite of 50 per cent tariffs imposed by U.S. President Donald Trump kicked in, amid the Canada-U.S. trade war.
Prime Minister Mark Carney's government is seeking to turn high-level meetings with global investors into major deals that could make Canada less dependent on trade with the U.S.
The government has set a goal of attracting $1 trillion in new investment to Canada. But landing major deals could depend on whether Canada can address some of the concerns that have deterred investors in the past — including lengthy approval processes and uncertainty around getting major projects built.
Some 167 projects, ranging from a proposed pipeline carrying oil from Alberta to B.C.'s coast to developing satellite technology for Earth observation, are among the investment opportunities on the table, according to a 66-page prospectus obtained by CBC News.
Follow along here for the latest announcements and developments.
-With files from Abby Hughes
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