Carney’s investment summit is putting Canada on the auction block
Summary
Desmond Cole interviews Nick Berry Shaw from the Council of Canadians to analyze Mark Carney’s upcoming investment summit in Toronto. They argue the event is actually a privatization agenda designed to sell off public infrastructure like airports and toll roads to major asset managers and pension funds. The discussion highlights the risks of rising costs and service degradation, drawing parallels to previous failures in Australia and the UK. The episode also covers the organization of a counter-summit, "Many vs. the Money," aimed at mobilizing public opposition to this corporate carve-up of…
Topics discussed
Introduction and guest background
Who is attending the summit and their interests
The privatization agenda vs. new investment
Airport privatization and the Australian model
The role of Canadian pension funds in privatization
Public opposition and historical failures (407, UK water)
Comparison with Trudeau's 2016 investment summit
Funding new projects like AI data centers via sales
The 'Many vs. The Money' counter-summit details
Challenges: Trade war context and public accessibility
Conclusion and call to action
Listen ad-free on Castria