Toronto, September 16 (News Desk): Nearly 500 billion Canadian dollars in new investment pledges have emerged from the Canada Investment Summit, held to boost investment in Canada. The summit, hosted by Prime Minister Mark Carney, was attended by investors from nearly 30 countries, who manage assets worth more than $100 trillion. According to the government, Canada has a large network of clean and conventional energy, important minerals, skilled workers and trade agreements. The Carney government has made it its major economic goal to attract $1 trillion in new investment to the country. Canada’s pension funds, insurance companies and other institutional investors have pledged toinject nearly $100 billion in new capital. CPP Investments and Brookfield CANADA INVESTMENT SUMMIT of Canada you Canada ABOUT ANADIEN THE INVESTMENT CANADA SOVESTMENT Asset Management has announced the launch of a $50 billion ‘Maple Fund’ for critical infrastructure projects and strategicindustries. PSP Investments will increase its investments in Canadaby 30 to 40 per cent, bringing in approximately $25 billion in additional capital. The Ontario Teachers Pension Plan has pledged toinvest an additional $10 billion by the end of 2027. Sun ments Life Financial will invest $5 billion in critical infrastructure over the next five years. Canada’s major banks have also announced nearly $325 billion in new financial support for businesses and infrastructure projects. TD Bank will provide $150 billion, Scotiabank more than $100 billion and BMO up to $70 billion over 10 years. In addition, Power Sustainability 1) is worth over $1 billion and Radical Ventures will invest or raise $4 billion. At the summit, Bell Canada announced a $52.5 billion investmentin partnership with the Saskatchewan government to build a 1.2 gigawatt artificial intelligence infrastructure hub in Saskatchewan. The project is expected to create more than 4,500 jobs. To further encourage investment, the Carney government has announced a new Productivity Mega Deduction Scheme. Under this, businesses will be able to claim immediate deductions for the cost of assets such as fibre-optic cables, mining assets, oil and gas pipelines, software, research and development, computer equipment, aircraft, railway tracks, bridges and roads. The government has also announced the permanent establishment of the immediate expense facility.