Canada Investment Summit pitches US$430B deal book across 167 projects

TORONTO — Ottawa is pitching about US$430 billion in disclosed capital expenditure to global investors this week through a Canada Investment Summit prospectus of 167 projects, part of a push for $1 trillion in investment over five years organized with CPP Investments and PSP Investments.

Alberta leads by project count with 27 opportunities, ahead of British Columbia (22) and Nova Scotia (19). Ranked by capital spending among the 155 projects that disclose costs, Alberta still tops the provinces at roughly US$70.5 billion, followed by B.C. at US$61.4 billion, Manitoba at US$61.1 billion — almost all from the US$57-billion Port of Churchill Plus proposal — and Nova Scotia at US$55.8 billion, dominated by the US$44-billion Wind West offshore wind and transmission plan. Ten multi-provincial projects add about US$90.9 billion, led by the US$36-billion Novatron Atlantic–Quebec clean-energy platform, the US$25.33-billion West Coast Oil Pipeline and the US$23-billion Kino Aski LNG link.

Minerals and metals dominate the roster — 63 projects, or about 38% of the book — yet account for only about US$53.5 billion in planned spending. Conventional energy carries the heaviest price tags at roughly US$98 billion, narrowly ahead of clean energy at about US$94 billion; together those two sectors are nearly 45% of disclosed costs. No housing projects appear in the prospectus.

A deal book this large is an inflation story before a single shovel moves: if energy and minerals get built, supply capacity rises; if permits stall, the capital premium stays in the cost of living.