Carney announces new summit in Toronto aimed at driving $1 trillion in investment

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The goal of the summit is to grow businesses, unlock job opportunities and build a stronger economy, according to the release.

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This comes after a decade of declining international investment in Canada.

A recent report from RBC says that last year was Canada’s first to attract more than $100 billion in foreign direct investment since 2015.

More than $1 trillion in foreign investment exited the Canadian economy between 2015 and 2024, what the report calls the “largest capital exodus in Canadian history.”

However, RBC projects Canada could attract upwards of $1.8 trillion over the next decade if advancements are made in key industries. This includes building new pipelines and liquefied natural gas terminals, expanding nuclear, hydro and renewable power and growing as a critical mineral supplier.

The Canadian Federation of Independent Business issued a report this week pointing to a struggling small business sector in Canada. The CFIB says this is the sixth consecutive quarter they’ve tracked more small businesses closing than opening.

The Prime Minister’s Office says the summit will be hosted on Sept. 14 and 15 in partnership with the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board.

The announcement comes as Canada faces ongoing economic disruptions due to the Iran war spiking gas prices and tariffs imposed by the U.S.

This report by The Canadian Press was first published April 17, 2026.

Kathryn Mannie, David Baxter, The Canadian Press