Prime Minister Mark Carney wrapped up the second and final day of the Canada Investment Summit in Toronto by announcing a tax “mega deduction” for business investment, opening Canada’s four largest airports to private capital, and announcing new funding commitments in Canadian defence, critical minerals, and large-scale infrastructure and technology funds.
The Prime Minister’s Office says the Sept. 14 to 15 summit, attended by investors from nearly 30 countries, generated nearly $500 billion in new investment commitments in Canada.
The total includes financing from major Canadian banks, pension funds and institutional investors, along with Bell Canada’s planned $52.5 billion expansion of its AI infrastructure in Saskatchewan….