New leadership named at Invest in Canada to drive global investment

What happened

• The Prime Minister named Dominic Barton as Chair of Invest in Canada (part-time, three-year term) and Gurinder Grewal as CEO (full-time, five-year term).

Who this affects

• Investors, provincial/territorial and municipal partners, Indigenous partners, Major Projects Office, and Canadian industries in energy, critical minerals, AI, and infrastructure.

Key implementation details

• Invest in Canada now reports to the Minister responsible (Minister LeBlanc) to align investment attraction with broader economic priorities.
• Karl Tabbakh, the outgoing Chair, will remain on the board to support the transition.

By the numbers from the release

• The government aims to help catalyze $1 trillion in total investment over the next five years.
• Canada’s stock of foreign direct investment was $1.6 trillion at the end of 2025, with FDI inflows of $96.8 billion in 2025.
• Government capital investments and incentives of about $280 billion are expected to enable more than $1 trillion in total investment over five years.

Why it matters

• The appointments set leadership for Canada’s main FDI attraction agency as the country seeks to convert investor interest into projects and jobs, and to bring large global capital to Canadian projects.