$1-billion investments to get tax ruling priority; TD, Scotiabank pledge billions in Canadian funding — SkimNews
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- TD Bank committed $150-billion over five years in lending, underwriting, advisory and other financing, with CEO Raymond Chun telling the Canadian Global Growth Forum that Canada is "on the cusp of an investment supercycle."
- A TD report estimates $1-trillion in new investments across 300+ approved or considered projects through 2035, concentrated in energy, critical minerals, defence and aerospace, digital technology and AI, and infrastructure.
- Public Sector Pension Investment Board CEO Deborah Orida said the $321-billion fund will lift its Canadian investments from $72.4-billion to $100-billion over coming years, driven by private-side opportunities including infrastructure.
- Ontario Teachers' Pension Plan CEO Jo Taylor said the fund will invest another $10-billion in Canada by end of 2027, pushing back on suggestions of government pressure: "I'm a big boy. I think I can choose when I want to say something."
- Ottawa under Mark Carney has revamped Crown corporations — the Canada Infrastructure Bank, Canada Growth Fund, Export Development Canada, and Business Development Bank — to take on more risk in "nation building" projects, and created new tools including the Canada Strong Fund and Indigenous Loan Guarantee Program.
- Cohere CEO Aidan Gomez said Canada's cold climate and clean energy position it to become a "superpower in data centres," but warned the country must win the "social lease" by addressing public concerns about water, energy, and carbon.
- Manitoba Premier Wab Kinew pitched investors on expanding the Port of Churchill with a provincial sales-tax exemption on capital spending, citing faster EU shipping routes and potential for LNG and energy exports.
Why it matters: TD's $150-billion pledge and pension funds' combined $30-billion-plus in additional Canadian allocations put real capital behind Ottawa's pitch to streamline approvals — but the forum's own panel flagged the binding constraint as a shortage of investable projects with clear regulatory timelines, not a shortage of capital, making regulatory execution the decisive variable for whether any supercycle materializes.
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