Carney said over the weekend that the summit was an opportunity for the deep-pocketed financiers in attendance, representing more than C$120 trillion in assets, “to come ‘look in our shop window.'” More than 160 projects were on offer, from data centers to oil pipelines and port expansions. Ottawa also offered a series of new tax incentives, including a “mega deduction” measure against potential buyers, and the prime minister underscored the government’s efforts to offer faster approvals for large projects. Economic analysts have said Canada needs to make significant policy changes to help attract investment, including more competitive tax and regulatory systems, and ensure a supply of skilled labor. Carney said Ottawa will now offer “predictability” for major proposed projects, aiming for a one-year review timeline. “If we’re going to say no, a quick no is necessary,” he said. On Monday he held bilateral meetings with CEOs of major financial companies, including BlackRock’s Larry Fink and Blackstone Chairman Jon Gray.
