Carney Says Canada to Attract International Investment by Broadening Tax Break, Seek Private Investor for Airports

10:00 AM EDT, 09/15/2026 (MT Newswires) -- Canada is seeking to attract CA$1 trillion in investments with measures such as expanding tax breaks for a wide range of projects, said Prime Minister Mark Carney on Tuesday at the country's first-ever investment summit. Canada has implemented a series of reforms to enhance its competitiveness and create a more favorable environment for businesses as it seeks to expand its international exports amid a trade war with the United States. Carney Tuesday announced at the Toronto summit the new Productivity Mega Deduction, a tax incentive that will boost asset coverage from about 15% to over 65%, including fibre-optic cables, mining property, pipelines, software, aircraft and infrastructure. Prime Minister Carney also announced at the summit that he aims to have private investors operate Canada's four largest airports in Toronto, Montreal, Calgary and Vancouver. The federal government will retain ownership of the land and assets, he added. Canada will also boast a balanced operating budget in 2027, or one year ahead of schedule, allowing the country to keep the lowest overall deficit in the G7, according to Carney. Canada will "maximize" its fiscal capacity by cutting costs and expenses.