Carney Faces Challenges as Canada Seeks to Lure Global Investors

Prime Minister Mark Carney is set to address investors at the Canada Investment Summit next week, but his government faces a challenge in making Canada's most sought-after assets 'investible' for large global institutional investors. According to the research arm of Canada's largest pension fund, some fund managers find it difficult to invest in Canadian energy and transportation assets at scale.

Meanwhile, Tamarack Valley Energy Ltd. and Headwater Exploration Inc. announced a $10 billion all-stock merger that will create Canada's only publicly traded pure-play producer focused on the prolific Clearwater oil play in northern Alberta. The merged company would hold over 1,500 sections of land, more than 300 million barrels of oil equivalent in proved and probable reserves, and over 3,000 identified drilling locations.

The Department of Finance has been holding stakeholder meetings and consultations ahead of the next budget, with a public portal for submissions closing on Tuesday. The government is being urged to implement tax reform that addresses 'structural change' rather than 'politically appealing measures.'

A recent report found that eight in ten Toronto-area homes purchased in the last three to five years and resold in the first seven months of 2026 sold for less than their original price, with a median loss of $130,000 or 13.54 per cent.