Story perspectives

Carney Unveils 167 Projects, C$500B Commitments in Canada

By Drooid · Sep 15, 2026, 10:33 PM UTC · How we work

Summary

Story summary

Prime Minister Mark Carney hosted the Canada Investment Summit in Toronto, unveiling 167 projects and almost C$500 billion in commitments.
Bell Canada will quadruple its AI data-center project in Saskatchewan to a 1.2-gigawatt facility, raising total capital over C$50 billion.
Carney announced a sovereign broadband backbone to provide nationwide, Canada-controlled internet connectivity.
Carney introduced a Productivity Mega Deduction cutting the marginal tax rate on new investment from roughly 13 % to 6.4 %.

History

Historical Context

Canada’s 1995 Telecommunications Act created a national broadband plan that funded $30 billion of projects and reached 85 % of homes by 2000. The U.S. Telecommunications Act of 1996, signed on February 8, 1996, pursued the same deregulation goal, spurring network upgrades that helped global data capacity rise to 2.2 exabytes by 2000. Today’s Canada Investment Summit builds on that legacy.

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Story summary

Prime Minister Mark Carney hosted the Canada Investment Summit in Toronto, unveiling 167 projects and almost C$500 billion in commitments.
Bell Canada will quadruple its AI data-center project in Saskatchewan to a 1.2-gigawatt facility, raising total capital over C$50 billion.
Carney announced a sovereign broadband backbone to provide nationwide, Canada-controlled internet connectivity.
Carney introduced a Productivity Mega Deduction cutting the marginal tax rate on new investment from roughly 13 % to 6.4 %.

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