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RY$285.20-2.45%TD$167.72-1.28%SHOP$178.41-11.22%ENB$66.23-4.98%CNQ$69.32-1.74%SU$95.30+1.16%CNR$169.60-0.16%CP$123.84-1.63%ABX$60.52-3.98%XIU$52.92-2.56%USDCAD$1.39+0.25%WTI$100.05+7.55%
RY$285.20-2.45%TD$167.72-1.28%SHOP$178.41-11.22%ENB$66.23-4.98%CNQ$69.32-1.74%SU$95.30+1.16%CNR$169.60-0.16%CP$123.84-1.63%ABX$60.52-3.98%XIU$52.92-2.56%USDCAD$1.39+0.25%WTI$100.05+7.55%

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BMO to mobilize up to $70 billion for critical Canadian industries

BMO plans up to $70 billion over a decade for energy, mining, defence, transport and AI ahead of Carney’s Investment Summit.

TIC Staff · September 11, 2026 · 1 min read

First Canadian Place, Bank of Montreal’s Toronto headquarters
Image: Wikimedia Commons

TORONTO — Bank of Montreal plans to mobilize up to $70 billion in new capital over 10 years into sectors it calls critical to Canada’s economy, including energy, transportation, mining, defence and artificial intelligence.

Chief executive Darryl White framed the push as industrial nation-building ahead of Prime Minister Mark Carney’s Canada Investment Summit next week. “Building Canada has always depended on bold ideas backed by capital,” White said. “The opportunities before us today in these critical economic sectors are the latest chapter in that story.”

The capital is expected to flow through bank financing, debt capital markets and public equity raises — not a single fund. It lands days after CIBC pledged $2 billion for defence and dual-use SMBs and RBC launched a $1.4 billion initiative for Canadian tech, including defence names.

Bay Street’s cascade of commitments is timed to Ottawa’s defence and investment reset under Carney. Whether $70 billion materializes as fresh credit or mainly rebadges existing pipelines, the signal matters for inflation: more capital chasing energy, mines, AI compute and defence supply chains tends to bid up labour, materials and power — the same bottleneck prices households already feel.

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