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Transcript: Mark Carney’s Keynote Speech at Canada Investment Summit 2026

Mark Carneys Keynote Speech at Canada Investment Summit 2026

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The following is a transcript of Prime Minister Mark Carney’s keynote address at the Canada Investment Summit 2026, held in Toronto on September 14–15, 2026. Following his remarks, Carney sat down for a fireside chat with PSP Investments CEO Deborah K. Orida to discuss trade diversification, competing for global capital, and Canada’s federal-provincial cooperation on major projects.

Opening

MARK CARNEY: There you go. Thank you. Thank you all. Thank you very much, Deb. Prime Minister Harper, thank you for being here. Dear friends, it’s a pleasure to address you this morning, and I’m going to begin in French — a few words in French. Canada is a proudly bilingual country, so I’ll begin in French and proceed in English.

Harbours and the Origins of Canada

I want to begin with harbours. The origins of the nation of Canada began in the summer of 1604, when the French explorer Samuel de Champlain sailed across the Atlantic to Nova Scotia’s South Shore.

He searched for safe anchorage around blustery Cape Sable and into the Bay of Fundy, where he found what he described as one of the finest harbours he’d ever seen. He named it Port Royal.

Port Royal offered shelter from the wild storms of the Atlantic, but it quickly became something far more: a base perfectly situated for trade, exploration, and the building of one of the most diverse and successful nations in history.

Today, four centuries on, my colleagues and I welcome you to a Canada which is both a safe harbour and a base perfectly situated to build in the new global economic order. That world is becoming, as we know, more dangerous and divided.

Sovereignty and openness are in tension. Economic integration has been weaponized — tariffs used as leverage, financial plumbing as coercion, supply chains as vulnerabilities to be exploited. At the same time, very positively, technological change is accelerating, but it’s changing the nature of war, the structure of economies, and the capacity of states to govern.

I’d suggest that Canada recognized this rupture earlier than most, and our response reflects two lessons that we’ve taken from it. First and foremost, we must take care of ourselves.

Second, we will always take care of each other. Taking care of ourselves means building our strength here at home and diversifying our partnerships abroad. We know we can’t control what others do, but we can be masters in our own home. This is our primary focus. It’s what our government, the provinces, the territories, the private sector, and above all, Canadians themselves have begun together — a great national effort to build Canada strong.

Building Canada Strong

In this process of building sustainable prosperity for Canadians, we are creating enormous opportunities for investors. Our goal is to catalyze $1 trillion of investment in Canada over the next five years — in energy, in transportation, in tech and data, in defence and beyond.

And to that end, in our first year as government, we cut taxes on incomes, capital gains, and business investment. We’ve begun building one Canadian economy by removing every single federal barrier to internal trade. We’ve made it easier for Canadian workers to take their skills anywhere in this country, and now we’re accelerating — working with provincial and territorial governments — new initiatives to tear down the barriers that have divided our economy for generations.

Our government has launched our most significant regulatory reforms to fast-track nation-building infrastructure. We’ve already referred 27 nation-building initiatives to our new Major Projects Office — new ports, mines, and energy corridors from every region of the country that now represent $500 billion in new private investment opportunities.

Canada as an Energy Superpower

We’re unleashing, in that process, our full potential as an energy superpower — by advancing a pipeline that would carry at least 1 million barrels of low-emission Alberta oil per day to Asian markets; by creating a new industry of large-scale carbon capture and storage; by doubling our LNG exports to 50 million tonnes annually by the end of this decade and then doubling them again right after; by building nuclear power across the value chain, from operational SMRs to utility-scale generators, while expanding world-leading uranium production; by doubling our electricity grid, building on our advantage of the lowest-cost power in the G7 and the second-lowest emission power in the OECD.

If you need clean, affordable power — and who doesn’t — Canada is your answer.

Just last month, Newfoundland and Labrador, Quebec, the federal government, and the Innu Nation announced the largest clean energy investment in North American history: 14 GW of hydro, wind, and storage — the functional equivalent of 18 Hoover Dams, enough to light, heat, and cool every home in Toronto, Montreal, and Vancouver combined. That’s what an energy superpower looks like when it decides to act like one. Canada is building its strength everywhere.

Defence and Global Partnerships

We’re undertaking the biggest increase in defence spending since World War Two. We’re now meeting our NATO obligations and have already provisioned in our budget the path to 4% of GDP in total defence spending by 2030. We will maximize the impact of that spending on our security and on our economy.

Our defence industrial strategy will catalyze $500 billion in investment over the next decade, building on Canadian strengths in aerospace, shipbuilding, AI, cyber, quantum, robotics, and autonomous systems — all dual-use applications that will drive innovation and productivity across the wider economy.

As I said earlier, Canada is now the best-connected economy in the world. In the past year, we’ve signed over 50 critical minerals agreements with more than 15 countries, unlocking $20 billion in investment while reducing dependence on foreign chokeholds in critical supply chains.

In the same period, we’ve signed more than 20 trade and security deals across five continents, completing our most recent deal with the UAE in a record 47 days. And I would like to pay tribute to the Emirates’ Minister of International Trade, who has joined us for that accomplishment.

Over the next six months, we intend to double the access that we currently have — 1.5 billion consumers around the world — with new trade deals with ASEAN, India, and beyond.

We’re also deepening ties with our most trusted partners.