Carney Courts C$120 Trillion Investors, Plans Privatization of 4 Major Canadian Airports
Updated
Updated · BBC.com · Sep 15
Carney Courts C$120 Trillion Investors, Plans Privatization of 4 Major Canadian Airports
3 articles · Updated · BBC.com · Sep 15
Summary
More than 100 global investors and sovereign wealth funds managing C$120 trillion gathered in Toronto as Mark Carney pitched Canada as a “safe harbour” and a top G7 destination for capital.
Carney tied that push to Canada’s trade rupture with the US, steering investors toward more than 160 projects in defence, energy, mining, AI and infrastructure to reduce reliance on its largest trading partner.
Four major airports are set for private operation under a new plan Carney said would raise billions of dollars for reinvestment in transport infrastructure, though his office downplayed expectations for major summit deal announcements.
New US tariffs on some Canadian goods took effect Tuesday, with additional Canadian bans on products including alcohol and motorcycles due next week, underscoring the pressure behind Ottawa’s search for capital from Europe, Asia and the Middle East.
More than 1,000 protesters rallied against the summit and what they called a “great Canadian sell-off,” arguing foreign investment and privatization could weaken public control, services and sovereignty.