The summit will be held in Toronto this fall, inviting CEOs of major investors and business leaders from around the world.According to the Prime Minister’s Office, this move is being taken to accelerate large-scale development projects in Canada. Over the past year, Carney has been visiting various countries.

And is meeting with investors to encourage them to invest in Canada. Carney said Canada is a strong energy producing country.Canada has a highly educated workforce that makes it attractive to global investment. The summit will grow new businesses, create jobs, and strengthen the economy.

The announcement comes at a time when Canada has seen a decline in foreign investment over the past decade. According to reports, more than $1 trillion in capital left the country between 2015 and 2024, which is being considered a major economic challenge.

However, recent figures show that Canada attracted more than $100 billion in foreign investment last year. Experts believe that if Canada makes progress in key sectors, up to $1.8 trillion in investment could come in over the next ten years.

This includes energy projects, renewable energy, pipelines, LNG terminals and the development of key mineral areas. On the other hand, according to a report by the Canadian Federation of Independent Business, conditions for small businesses remain difficult and the number of business closures is increasing.

The summit, to be held on September 14 and 15 and co-hosted by major investment institutions, could be a key step in helping the Canadian economy weather the current global challenges, experts say.