Carney's Toronto investment summit closes with Harper's endorsement amid privatization backlash
Two-day summit to lure $1-trillion in foreign capital wraps with Stephen Harper backing the pullout from US trade talks, as critics call it a corporate carve-up of public assets.
Part of a larger narrative
Canada's Trade War and Carney's Realignment
- Carney recounts Trump's dark White House gift joke at Canada summit
- Carney and Macron pledge deeper Canada-France ties as Ottawa pivots to Europe
- Carney's Toronto investment summit closes with Harper's endorsement amid privatization backlashyou are here
What to know
- Carney's summit courted hundreds of global investors managing roughly $120 trillion in assets, seeking C$1 trillion (about $720 billion) in investment over five years to reduce Canada's dependence on the US amid the trade war.
- Announcements included opening major airports to private investment, a corporate tax 'mega deduction,' a sovereign internet network, and potential EU visa-rule talks.
- Critics, including the NDP, protesters and left-leaning commentators, characterize the summit as a privatization push that hands public infrastructure to foreign financiers without guaranteed public benefit.
- Former PM Stephen Harper's closing endorsement of Carney's US trade-talk walkout drew both praise from business circles and derision from critics who saw a Liberal government leaning on a Conservative figure.
The dispute Whether courting foreign capital and privatizing infrastructure strengthens Canada's economic sovereignty or erodes it for the benefit of global financiers. · positions read across 116 posts and comments
The summit amounts to privatizing public infrastructure and resources without real benefit to ordinary Canadians, undermining sovereignty.
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“A country that doesn't own its own infrastructure can't be considered sovereign. A country that doesn't control its ports can't be sovereign.”
Festering_Inequality · Reddit ↗
The summit reflects a sound strategy of diversifying investment and trade away from a US-dependent economy, and investors and business leaders are optimistic.
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“I am very encouraged by the detailed comments the prime minister made today on doing just some of…”
chris@mstdn.chrisalemany.ca (quoting Harper) · Mastodon ↗
The event exposes political hypocrisy — a Liberal government leaning on Conservative figures and cutting corporate taxes while claiming to help ordinary Canadians.
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“Remember that time… like 10 minutes ago… when we all had to vote Liberal because "otherwise we get the Conservatives." Well… after a day of selling off our airports and slashing corporate taxes... we end the day... with a keynote from……”
chris@mstdn.chrisalemany.ca · Mastodon ↗
Mark Carney Prime Minister of CanadaStephen Harper Former Prime Minister
Avi Lewis NDP LeaderRich Kruger CEO, Suncor EnergyNicolle Butcher CEO, Ontario Power Generation
How it unfolded 7 developments, newest first · click a bar or a number to jump articlesvideospostscomments
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Bloomberg assesses summit's M&A and investment takeaways
Bloomberg Television segments reviewed the summit's outcomes, noting Carney's ambition to generate C$1 trillion ($720 billion) in investment over five years using government and private money, and discussed sentiment around Canadian M&A activity following the event.
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Okay that went over your head but that's okay it's not on me. Last time. GDP percap and HDI have strong correlations https://ourworldindata.org/grapher/human-development-index-vs-gdp-per-capita It's not a perfect measure of w/e standard, for instance Ireland's GDP is far less accurate than US/EU/CA but that doesn't mean it's useless for MOST…
2 more of the top 3 · 3 posts in this stretch
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Holy glaze dude. He's clearly not the most intelligent man around when he continues a ton of Trudeau era policies, AND THEN takes the worst of conservative ideas like from Mike Harris.
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Hmm. I don’t think I’m allowed to diss publications by name. But if I was able to, I’d have choice words. But I’m not able to, so I won’t.
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Harper closes summit backing Carney's US trade walkout
Former prime minister Stephen Harper delivered the closing keynote, endorsing the federal government's decision to walk away from trade talks with the United States and praising Carney's trade-diversification efforts.
“I am very encouraged by the detailed comments the prime minister made today on doing just some of…”
— Stephen Harper -
first by National Post, 10d ago
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> Carney has been working to bring to Toronto representatives from the UAE’s trillion-dollar sovereign wealth fund, as well as the investment arms of Dubai, Abu Dhabi, and Qatar. ... > But like a billion-dollar luxury hotel chain, Carney’s hotly-courted investments aren’t going to trickle down to benefit ordinary Canadians. Instead, they’ll enrich…
2 more of the top 3 · 4 posts in this stretch
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I share that disagreement. It’s not productive investment. It’s a shadow bailout to keep the housing market up. I think all politicians have a PTSD with deleveraging, they want to keep it from happening, but it’s a natural thing and should be part of the whole stability thing.
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I get the sense you have a immensely biased view of the world... I don't recall Carney being "supportive of Trump" on any issue - if Canada supported the US on Iran (this is hardly an invasion), why aren't our troops there?
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Energy executives pitch Canada as oil, gas and nuclear investment hub
At an energy panel, Suncor CEO Rich Kruger and OPG CEO Nicolle Butcher told investors that streamlined project approvals and Canada's resource base and nuclear expertise made the country newly attractive, with companies revisiting Canadian investment plans in response to regulatory shifts and the new tax incentives.
“After 42 years in this industry, 11 years as a CEO with Canada's two largest integrated oil companies, I am as encouraged or optimistic today as I've ever been for what our future holds.”
— Rich Kruger -
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Carney said visa rules for Canadians and Europeans are on the table as part of talks to form what he calls a unique alliance with the 27-member European Union. 🔗 Follow our reporters' live coverage of all-things related to the investment summit on Day 2:
2 more of the top 3 · 17 posts in this stretch
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Remember that time… like 10 minutes ago… when we all had to vote Liberal because “otherwise we get the Conservatives.” Well… after a day of selling off our airports and slashing corporate taxes on new investment to levels never seen in a modern economy (a $48 Billion gift with no budget line item yet), we end the day, and Carney’s Trillion Dollar…
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I smelled your fart in the hurricane. There is a lot of apprehension about this because on the surface it sounds like there is a fire-sale on what "Canada Owns", however there is more nuance to all of this. People seme to be reacting to the word “privatization” more than to what’s actually being proposed. Canada isn’t selling Pearson, YVR, Calgary…
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Carney announces airport privatization and corporate tax 'mega deduction'
In opening remarks on day one, Carney said Ottawa would open its largest airports to private investment, unveiled a corporate tax 'mega deduction' incentive program, and said the government would help finance a nationwide sovereign internet network; he also floated EU visa-rule talks as part of a new alliance.
“Canada's Conservative govt on full display. Disgusting!”
— miki_lou, Mastodon user · source -
2 outlets first by Mastodon, 9d ago · also Jerusalem Post · read ↗
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# Canada 's Conservative govt on full display. Disgusting! https:// nationalpost.com/news/politics /stephen-harper-to-deliver-closing-speech-at-carneys-investment-summit
2 more of the top 3 · 30 posts in this stretch
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Standing up for yourself while the Alborithm sucks toxic orange #auspol
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What everyone seems to be missing in this, and it's fuelling their "end is nigh!" position is: First: For profit businesses react to market pressure, if they aren't attracting flights because fee's are too high, they'll lower them, flying isn't a necessity for most people, it's not like Health Care, which is something everyone needs eventually and…
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Protesters and NDP's Avi Lewis denounce privatization push
Hundreds of activists gathered at Toronto city hall as the summit began, and NDP leader Avi Lewis said Carney's plan would make Canada more beholden to wealthy American corporations rather than diversify the economy.
“Carney is selling Canadian assets to 'the captains of Wall Street'”
— Avi Lewis -
1 outlet NDP's Avi Lewis says Carney is selling Canadian assets to 'the captains of Wall Street' | CBC Radio
first by Mastodon, 8d ago
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Carney commences auctioning off Canadian critical infrastructure/ services -- ports, airports, health, brags Canada as a Fossil Fuels Superpower driving deaths. www.cbc.ca/news/canada/... @thestar.com @theglobeandmail.com @theguardian.com @theglobeandmail.com @globalnews.ca.web.brid.gy @rabble.ca
2 more of the top 3 · 9 posts in this stretch
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fuck privatizing the profits in the name of the health of the national economy 🖕🏻 > Prime Minister Mark Carney says his Investment Summit in Toronto will help diversify the economy, but NDP Leader Avi Lewis says it will only make Canada more beholden to wealthy American corporations. https://www. cbc.ca/radio/asithappens/avi-l…
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I'm not averse to privatization in some circumstances. If the private alternative exists and had significant enough competition the government doesn't need to be involved. When something is a monopoly, either by nature or necessity, the government should probably just make it a Crown corp. I really don't see the benefit of making our ports and…
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Carney opens summit, pitches Canada to investment titans
Carney welcomed dozens of global investors to Toronto, seeking funding for more than 160 projects he said were key to steering Canada's economy through the US trade war, while positioning Canada as a 'safe harbour' for global finance.
“Canada is a 'safe harbour' for global finance, Carney says…”
— Mark Carney -
6 outlets first by The New York Times, 8d ago · also Reuters, Investing.com News, Yahoo Finance, Yahoo! Finance Canada, NYT · read ↗
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4 outlets first by ABC News, 10d ago · also Boston Globe, Philadelphia Inquirer, AP News · read ↗
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(Reuters) - Canadian Prime Minister Mark Carney welcomes dozens of global investors to Toronto this week, hoping to lure investments for more than 160 projects that he says are key to steering Canada's economy through a trade war with the United States.
2 more of the top 3 · 34 posts in this stretch
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🟠 UPDATE Canada Pursues European Trade Partners to Avoid US Tariffs Canadian Prime Minister Mark Carney is hosting global investors in Toronto to secure funding for over 160 projects, aiming to mitigate economic impacts from the ongoing trade war with the United States. 📰 https://www. msn.com/en-ca/money/general/ca…
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Absolutely I'm Canadian, and it's hard to believe anyone who is could think he did the country any good. Harper was directly responsible for destroying StatsCan by ditching the mandatory long form census, which made Canada a global source for stats due to their thoroughness and rigor. A big factor there was that with less accurate stats, less…
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Protest organizers announce demonstrations against the summit
Organizers said they planned protests against Carney's investment summit, arguing he was keeping company with business leaders exacerbating global crises.
“They don't want to hear speeches. What they've said is, 'I'm coming—so tell me what I can buy.'”
— anonymous financier, summit investor, quoted by CTV News · source -
first by Mastodon, 10d ago · also CP24, BNN Bloomberg
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“Carney has admitted that Canada is abandoning its 2030 emissions reductions targets, telling Canadians we can’t afford to take the kind of bold climate action that would allow us to meet them. Carney is also actively embracing artificial intelligence — despite its thirst for water and energy — and peeling back protections that keep endangered…
2 more of the top 3 · 19 posts in this stretch
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A country that doesn’t own its own infrastructure can‘t be considered sovereign. A country that doesn’t control its ports can’t be sovereign. A country that doesn’t own, control and properly benefit from its resources is a country that can’t be sovereign. A country that depends on outside money to get its projects done is a country that has been…
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Fascinating, isn't it? # carney a # conservative # canadian # primeminister who leads the # liberalparty saved their bacon last year at the expense of the # conservativeparty # cdnpoli https:// thewalrus.ca/canadas-most-popu lar-conservative-is-mark-carney/
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Also covered reported alongside — the timeline has no entry for these yet
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first by Le Monde EN, 8d ago · also Euronews
1 more headline
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first by BBC Business, 10d ago · also BBC
1 more headline
- How Carney plans to sell Canada to the world's biggest investors Mastodon · 10d ago
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first by The Walrus, 14d ago · also Financial Post
1 more headline
- Mark Carney wants the world's biggest funds to invest billions in Canada. Will they buy in? Financial Post · 12d ago
and 9 smaller pieces
What people are saying 9 voices from 2 sites · best of 116 · verbatim
- Will the announced infrastructure privatizations (airports, sea ports) come with guaranteed returns or protections for the public?
- How will the corporate tax 'mega deduction' be funded given no disclosed budget line item?
- Sep 15
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'Canadians are struggling to afford rent and the cost of living, and need more investment in education, transit and health care.' "Carney is doing the opposite of that (…). He is selling our public resources without any guaranteed returns and at the same time growing industries that will push the world towards greater war and climate catastrophe."…
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Canada needs to build a lot of new infrastructure as we move our economy away from dependency on American trade. This requires huge investments of capital to build the assets needed. To incentivize the private sector to take the risks associated with this major pivot and to attract capital investment, the Carney government will reduce taxes on…
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The study found that runway fees, but not passenger fees , increase after PE ownership. This is done to incentivize airlines to operate larger aircraft and more efficient flights. That's what drives the huge improvements in passengers per flight and the huge reduction in flight cancellations. However, the study does not establish a link between…
- Sep 14
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🟠 UPDATE Canada Pursues EU Partnership Amid US Trade Tensions Prime Minister Mark Carney is pitching Canada to global investors managing over $120 trillion at a Toronto summit, specifically seeking C$1 trillion in investment to reduce economic dependence on the US. 📰 https://www. msn.com/en-us/news/other/carne…
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Canadian Prime Minister Mark Carney is welcoming global investors to Toronto this week in the hopes of luring investments for projects he says are key to steering Canada's economy through a trade war with the U.S. https://www. japantimes.co.jp/business/2026 /09/15/carney-us-canada-global-investment/?utm_medium=Social&utm_source=mastodon # business…
- Sep 13
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No, his performance as opposition leader is reflexive, shallow and hyper-partisan. He needs to challenge the government, but opposing everything they do no matter what, or doing stuff like "proposing" a trade deal for the Americans (like they'd take it) and blaming Carney for not securing one... stuff like that ranges from silly to partisan slop…
- Sep 12
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Carney is selling off what remains of # Canada to a group of capitalists (mostly American) who don't even like what is (supposedly) one of capitalism's core values: competition. https:// breachmedia.ca/mark-carneys-in vestment-summit-could-pave-the-way-to-a-corporate-carve-up-of-canada/ Here's the PM's former employer on why buying public…
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Yep that's a good summary. Ultimately it's about how our country was formed as a confederation where provinces were granted a huge amount of individual power and legal autonomy to induce them to join the nation. They have used that constitutional authority to try to favour their own local interests at the expense of everyone else's from the…
- Sep 10
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I mean over time. I think people get an idea of what a party stands for but as political priorities change, a lot of voters still keep the old idea. From wikipedia ( https://en.wikipedia.org/wiki/Progressive_Conservative_Party_of_Ontario): During its uninterrupted governance from 1943 to 1985 known as the Big Blue Machine, the Ontario PC Party…