1、Missions For Prosperity:Unlocking Canadian InvestmentNOVEMBER 2025INTRODUCTIONExecutive SummaryTHE BURNING PLATFORMInvestment stagnating:Canadas investment has stagnated since 2014,ending a 30-year growth run(+31%,+61%,+38%,by decade,before a 1%decline),with the outlook further constrained by uncert

2、ainty over trade and market accessBroad-based decline:The slowdown in growth shows up almost everywhere12 of 13 provinces and territories,16 of 18 industries,and 5 of 5 asset classesUniquely Canadian challenge:Over the last decade,Canada has meaningfully underperformed not just the U.S.,but also a b

3、roader set of advanced peer economies(G7+Nordics+Australia)A Clear Burning Platform:Real per-capita GDP has been flat for over 5 yearsreversing this trend will require Canada to break out of its investment stagnation,as investment directly drives about 1/5th of GDP,and has lasting impacts on consump

4、tion,government spend,and net exportsTHE OPPORTUNITY PIPELINEThree spaces Canada can look to for opportunity:PAST Underinvesting versus historic potential:Almost 60%of last decades underperformance was driven by one sector:mining and oil&gas extractionPRESENT Underinvesting versus peer countries:If

5、Canadian firms invested at U.S.rates,investment would be over$300B higher per yearFUTURE Emerging tailwinds Canada can capture:Capital intensive trends in AI,power system|growth and decarbonization,and public builds in defense and infrastructureMatch 2014 investment levels in natural resources:Build

6、 10-15 major projects across 4 resource verticals:critical minerals,liquefied natural gas(LNG),oil sands,and pipelines Match peer growth rates in private sector IP and M&E:1 Accelerate private sector IP and M&E investment growth from roughly 1%today to 3%Match peer-share of emerging investment waves