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Carney pitches Canada to global investors
September 14, 2026
Mark Carney will pitch Canada as a destination for foreign capital at a Toronto summit, after foreign direct investment reached nearly $100-billion last year.
Mark Carney is Canada's prime minister, a former central banker who ran the Bank of England through Brexit, and he is pushing a more independent, more resilient economy during a tariff war with the United States.
Key facts
- A joint Royal Bank of Canada and McKinsey analysis released Sept. 8 puts Canadian capital stock per worker at about $125,000 today, ranking the country fourth from the bottom in a set of 17 advanced economies, The Globe and Mail reports.
- During 2025, though, investors from the United States made up over half of the $96.8-billion that flowed into Canada as FDI, The Globe and Mail reports.
- Alongside a subscription offer advertising digital access and digital-plus-home-delivery plans from $0.99 a week at 70 per cent off, The Globe and Mail reports that foreign money is flooding into Canada.
- Last year foreign direct investment coming into Canada approached $100-billion, a peak for FDI not seen since 2007, The Globe and Mail reports.
- Foreign purchases of Canadian government and corporate bonds hit $110.2-billion in the second quarter of 2026, a record for any three-month stretch, The Globe and Mail reports.
The Globe and Mail reports that Prime Minister Mark Carney will pitch Canada as an attractive location for foreign capital at a Toronto summit it calls the largest gathering of global financial leaders ever assembled in the country. Foreign direct investment into Canada reached nearly $100-billion last year, the highest since 2007, and in 2025 American investors accounted for more than half of the $96.8-billion in inflows. Foreign buying of Canadian government and corporate bonds hit $110.2-billion in the second quarter of 2026, a record for any three-month period, of which $80.8-billion were government bonds.
BBC reports the same course from the political side. Carney told a room of Wall Street executives in May about the cash flooding into Canada, and the pitch, in the words the BBC attributes to Tremblay, is that Canada has what the world needs. Goldy Hyder of the Business Council of Canada describes personal invitations to the summit. The BBC ties the effort to a strategy for a more independent, more resilient economy after the tariff war with the United States, with collapsing trade talks, tit for tat tariffs and Donald Trump's talk of a 51st state behind the feud. The Financial Times carries the event as Canada seeking a trillion dollars from investors looking for a haven from Trump, the same read of the motive.
The accounts agree on the money, the summit and the aim, and they agree on the obstacles. Both carry the caution that deep pocketed investors will not be easily sold, and the Globe carries the domestic argument against counting all inflows alike: Bank of Montreal's Doug Porter warns some types of FDI serve the long term health of the economy better than others, and Jim Balsillie's Council of Canadian Innovators argues the government promotes foreign investment without distinguishing asset purchases from acquisitions of firms that generate intellectual property. Canada's capital stock per worker sits at roughly $125,000, fourth lowest among 17 advanced economies in a Royal Bank of Canada and McKinsey analysis published Sept. 8, against nearly $240,000 in Australia. What the outlets settle is the scale of the inflows and the plan; what they do not settle is the outcome of the summit.
According to the BBC, Tremblay said the sales line needs to be "Canada has stuff that the world needs" - wording Carney himself has settled on.
Still developing
The account of Carney's pitch to global investors at the Toronto summit had not moved as of the draft.
How settled the reporting is
Sources
- BBC — How Carney plans to sell Canada to the world's biggest investors
- The Globe and Mail — Foreign money is flooding into Canada. But a closer look reveals much of it is coming from the U.S.
- ft.com — Canada seeks $1tn from investors looking for a haven from Donald Trump
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