At the upcoming investment summit in Toronto, Prime Minister Mark Carney will present 167 potential investment opportunities, including a floating LNG terminal on B.C.’s coast, a high-speed rail line connecting Edmonton and Calgary, and a pipeline from Alberta to the Pacific Ocean. These opportunities are detailed in a 66-page prospectus obtained by CBC News, providing a comprehensive overview of the investment prospects that Ottawa and Canadian business leaders aim to showcase during the event.
Scheduled for September 14 and 15, the summit, organized in collaboration with the Canada Pension Plan Investment Board and Public Sector Pension Investment Board, intends to attract international investors and Canadian business leaders to generate $1 trillion in investments. Notably, invitations have been extended to major investment firms and sovereign wealth funds worldwide to bolster capital inflow amid trade uncertainties and geopolitical challenges.
With the escalating U.S.-Canada trade tensions, the Canadian government seeks to diversify economic partnerships beyond the United States. The investment prospectus categorizes the projects into eight main areas, including conventional and clean energy, mining, marine and port infrastructure, power utilities, digital technology, advanced manufacturing, and transportation.
Among the notable projects are the $57 billion US expansion of the Port of Churchill, a $44 billion investment in Nova Scotia’s Wind West offshore wind project, a proposed $35 billion West Coast oil pipeline, and the $28.5 billion Ksi Lisims LNG terminal project. The document outlines each project’s development stage, required capital expenditure, and the type of investments needed for successful implementation.
Furthermore, the prospectus highlights various initiatives such as a float glass manufacturing facility in Manitoba, expansions in defense night-vision technology manufacturing, and satellite technology for Earth observation, in addition to numerous infrastructure projects. Notably absent from the list are the Alto high-speed rail project and any plans for airport privatization that have faced public opposition.
Different projects are at various stages of development, with some like the Ksi Lisims LNG project being fully permitted and shovel-ready, while others are in early economic and environmental assessment phases. The investment plans also include a high-speed rail line in Alberta, an oil pipeline connecting Alberta to British Columbia, and a pipeline expansion project by Calgary-based South Bow’s Prairie Connector to transport Canadian crude to U.S. refining markets.
In the realm of natural gas, a significant pitch is the $28.5 billion Ksi Lisims LNG export facility in British Columbia, aiming to diversify Canada’s energy exports beyond the U.S. market. Additionally, the federal government is promoting clean energy projects, including nuclear power in New Brunswick, carbon capture in Saskatchewan, and wind power initiatives in Newfoundland and Labrador.
Canada’s expertise in artificial intelligence is highlighted, with investment opportunities in data centers and Toronto-based Xanadu Quantum Technologies, a pioneer in light-powered quantum computers. Overall, the investment prospectus portrays Canada as an attractive destination for a diverse range of investment ventures.