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Stephen Harper Says He Wishes He Came Up With Carney’s CEO Summit
Harper said the summit could help draw $1 trillion in new investment over five years and praised Carney’s effort as a first of its kind.
- On Tuesday, former Prime Minister Stephen Harper praised Prime Minister Mark Carney's Canada Investment Summit in Toronto, saying he wished he had conceived the idea himself.
- During the summit, the Carney government announced it aims to attract $1 trillion in new investments into Canada over five years, already securing nearly $500 billion in commitments.
- To entice capital, Carney announced plans to sell off Canada's four largest airports—Toronto-Pearson, Montreal-Trudeau, Vancouver, and Calgary—while slashing the marginal effective tax rate on new business investments from 13 per cent to 6.4 per cent.
- A coalition called The Many and The Money Network protested the summit, warning that Carney is advancing a "privatization fire sale for the super rich" and creating a "rigged system."
- Efforts to court American investors arrive amid a protracted trade war with the United States and President Donald Trump's repeated threats to turn Canada into the "51st" American state.
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Carney, Harper make the case for Canada at first-ever investment summit
A Liberal and a Conservative prime minister book-ended the final day of Canada's first-ever investment summit, each making their pitch to global investors for help fulfilling an ambitious capital agenda.
·Vancouver, Canada
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Coverage Details
Total News Sources7
Leaning Left6Leaning Right1Center0Last UpdatedBias Distribution86% Left
Bias Distribution
- 86% of the sources lean Left
86% Left
L 86%
14%
Factuality
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