Provinces bring their own deal books to Carney’s Investment Summit

TORONTO — Premiers arrive at the Canada Investment Summit this week with provincial deal books that go beyond Ottawa’s official prospectus, as the federal government courts roughly $1 trillion in investment over five years.

The two-day Toronto summit is organized by the Prime Minister’s Office with the Canada Pension Plan Investment Board and Public Sector Pension Investment Board. A federal prospectus circulated to attendees highlights 167 projects aimed at global pools including BlackRock, Apollo, Temasek and Saudi Arabia’s Public Investment Fund. Invest Alberta’s deal book is meant to help Premier Danielle Smith maximize deals; the province plans to pitch 34 projects versus 27 Alberta names in the federal book. Saskatchewan’s InvestSK materials showcase 18 projects against 13 in the federal list, with Premier Scott Moe framing the province as open for food, fuel, fertilizer and critical-minerals capital.

Where books overlap, provinces often add fundraising mechanics Ottawa left out — equity ranges, timelines and partner detail on names such as E3 Lithium’s planned US$2.47-billion plant and Deep Sky’s Alberta carbon-capture build. Ontario’s slate diverges too: its book includes Cohere’s Series E raise while omitting some federal highlights such as PowerCo’s St. Thomas battery plant. All 13 provinces and territories are represented; 11 premiers are on a draft guest list, with Quebec sending a senior official amid its election and Newfoundland and Labrador’s Tony Wakeham staying home for a Churchill Falls session.

For households, the summit is a capital-attraction show — and a reminder that competing provincial pitches still feed the same scarce labour, power and materials pipeline that shows up in Canadian prices when the money actually lands.