Canada courting ‘huge’ capital, but economists question if Carney summit can ‘match the ambition’

The prime minister needs to ‘come out with a big bang’ and dispel concern Canada is a hard place to do business, says one economist, while others say the investment summit raises questions about 'who's in the room,' and which participants are 'missing.'
Prime Minister Mark Carney has invited 'huge institutional capital sources' including sovereign wealth funds and pensions from around the world, all of which have potential to support massive Canadian projects, says TD Bank senior economist Francis Fong.

Prime Minister Mark Carney will be wooing investors to bet on Canadian projects at his upcoming investment summit, but success will be “heavily conditional” on Ottawa assuring power brokers the federal government has addressed key barriers to getting projects completed.

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