PSP President and Chief Executive Officer Deborah K. Orida delivers remarks at the Canada Investment Summit 2026

Toronto, September 15, 2026 – Remarks delivered by Deborah K. Orida, President and Chief Executive Officer, PSP Investments, at the Canada Investment Summit 2026.

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Right Honourable Prime Minister of Canada, National Chief, Chiefs, Your Excellencies. Ministers, Premiers, Prime Ministers, fellow CEOs, and distinguished guests.

[Bienvenue à Toronto. J'espère que vous allez bien. Aujourd'hui, je suis très fière d'être avec vous. Aujourd'hui, je suis très fière d'être canadienne]. Welcome to Toronto. I hope you are well. Today, I am very proud to be with you. Today, I am very proud to be Canadian.

Welcome to the inaugural Canadian Investment Summit. This is an exceptional room. Thank you all for coming. Gathered here today, we have leaders managing $120 trillion of capital.

And as global investors, we know that capital flows like water to the best opportunities. So our conversation today will focus on why Canada now? Where does Canada have a genuine competitive advantage? And how is our government making it more investable?

PSP's perspective on these questions is informed by the two ways that we put capital to work:

• First, as one of Canada's largest pension investors, we invest globally across public and private markets, often in partnership with many of the people in this room. We expect our pension capital in Canada to grow by 30 to 40% and cross the $100 billion threshold over the next few years. In our last fiscal year alone, we invested $10 billion in Canada, driven by attractive private investment opportunities and the correlation between Canadian public equities and inflation. It was not driven by a government edict.

• The second way that PSP puts capital to work is as the investment manager of the $15 billion Canada Growth Fund. This capital takes risk that private capital is not suited to take. For example, we provided $2 billion to support the construction of the first small modular reactor in the G7, which once constructed will be an attractive investment opportunity for infrastructure investors. When I visited the construction site recently, I was struck by the Canadian supply chain and the skilled labour ecosystem that is developing around the project.

The two ways that PSP puts capital to work has given us unique insight into the investable opportunities in Canada, both today and in the future. There are three areas we think are interesting.

First, critical minerals. Critical minerals sit at the nexus of some of today's most compelling investment themes: AI, Defense, and energy security. Through the Canada Growth Fund, PSP has had the opportunity to invest in Canada's ability to produce critical minerals, such as germanium, antimony, and scandium.

Second, to make Canada an energy superpower will require building massive amounts of infrastructure. This leads itself to creative financing solutions, and in the right situations, the Australian asset recycling model.

Finally, Canada's innovation economy. In many ways, the foundation of today's AI revolution was laid by Canadian innovators like Geoffrey Hinton and Yoshua Bengio. Selectively, we are excited about the investment opportunities across the AI value chain in Canada. For all the investment themes at the summit, our goal over the course of today is not to present Canada as a finished product, but rather to talk about where Canada is investable today, where more work is required, and how the Canadian governments, both federal and provincial, are taking action.

The question before us is not whether Canada has potential. It does. The question is how do we convert that potential into actionable investment opportunities with speed and certainty? Prime Minister, the podium is yours.

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