A 167-project pitchbook is headed for top-tier institutional investors from around the globe, who convene at Prime Minister Mark Carney’s Canada Investment Summit in Toronto next week.
The summit runs September 14 and 15, organized by the Prime Minister’s Office together with two of Canada’s largest pension investors, the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board. Ottawa has set a five-year target of $1 trillion in new investment, part of a broader push to diversify trade and grow AI, critical minerals, energy and infrastructure.
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Oil and gas opens the document, but mining and minerals form the biggest category by far — ahead of clean energy, transportation, and everything else the prospectus breaks projects into. The Trans Mountain West Coast pipeline is among the entries at the top.
Individual price tags run enormous. Manitoba’s proposed Port of Churchill alone would cost $57 billion. British Columbia’s Ksi Lisims LNG project and Nova Scotia’s Wind West offshore transmission initiative also made the list.
Data centers make up a sizable chunk of the pitch too, with combined capacity across the listed projects reaching as much as 5.7 gigawatts. BW Velora, a Norwegian firm, wants to spend $14.5 billion on an 884-megawatt facility near Medicine Hat, Alberta, powered by its own on-site plant, plus a smaller $2.4 billion project in Grande Prairie. Beacon Data Centres is separately seeking financing for a US$3.9 billion campus in Spruce Lake, New Brunswick.
The document itself is cautious about what it’s offering, with a disclaimer noting that a project’s inclusion “should not be construed as an endorsement” of it. PMO spokesperson Audrey Champoux wouldn’t discuss what’s in it, and says Ottawa isn’t releasing it until the summit itself. The book doesn’t hold its own listed projects to the data center guidelines, covering local benefits and residential power prices, that Ottawa published just last week.
The expected crowd spans the globe — pension funds and asset managers from Europe, the Middle East, Asia, Latin America, Africa and the US. The push comes as Canada tries to reduce its reliance on US trade amid the ongoing tariff dispute with Washington, betting global capital can do what cross-border commerce increasingly can’t.
