TORONTO — Canada Pension Plan Investment Board and Brookfield Asset Management Ltd. have announced a new $50-billion fund aimed at backing critical infrastructure and strategic industry projects across Canada. The so-called Maple Fund will see the two organizations invest on a 50-50 basis, with each committing up to $25 billion in equity over an initial five-year period. The fund is one of the marquee announcements to emerge at a new investment summit in Toronto hosted by Prime Minister Mark Carney in partnership with CPP Investments and PSP Investments, two of Canada’s largest pension investors. CPP Investments chief executive John Graham said Canada is entering a period of new ambition to advance major projects and build for the future, creating compelling investment opportunities across the country. “CPP Investments has the capital, long-term investment horizon and expertise to pursue these opportunities,” he said in a statement. “The Maple Fund brings together our strengths with Brookfield’s strong origination and development capabilities to help move ambitious projects from opportunity to investment.” Graham added: “The Maple Fund positions us well to meet this moment and move with speed on opportunities of unusual scale and complexity when they offer compelling value for the CPP Fund.” Connor Teskey, CEO of Brookfield Asset Management, said the fund brings together two companies with a shared commitment to investing in the country’s future. The Maple Fund “can help drive a generational investment program to invest in critical infrastructure, industries and businesses that will support the growth of globally competitive Canadian businesses,” he said. The inaugural Canada Investment Summit is a two-day gathering of global investors, Canadian business leaders and governments that seeks to help attract $1 trillion in new investment to Canada over the next five years. The country’s big banks have also announced plans for billions in financing to support Canadian companies and projects in recent days. --- This report by The Canadian Press was first published Sept. 15, 2026.
