PwC Canada has launched an interactive resource tracking major projects across the country as governments and investors seek to mobilize as much as $1 trillion in investment over the next five years.
The Advancing Canada's Major Projects resource maps selected large-scale projects and provides information on their status, progress and strategic importance, following the Canada Investment Summit held in Toronto earlier this month.
Resource tracks projects and investment
The resource is intended to help investors, governments and industry navigate major projects from planning and financing through governance, regulatory execution and delivery, according to PwC Canada. It builds on the firm's report, Mobilizing Canada's US$4.7T opportunity, which says Canada will require US$4.7 trillion in infrastructure investment by 2050.
PwC Canada said the launch follows Prime Minister Mark Carney's inaugural Canada Investment Summit, held Sept. 14 and 15 in Toronto. The summit brought together more than 100 of the world's largest investors, which collectively manage more than $100 trillion in assets, to advance more than 165 nation-building projects.
The federal government has positioned roughly $280 billion in public capital and incentives to help unlock $1 trillion in total investment across areas including energy, critical minerals, transportation, advanced manufacturing, digital infrastructure and defence.
"Coming out of the Canada Investment Summit, Canada is at the centre of a global conversation about investment and growth. The harder task now is turning that momentum into commitments, and commitments into projects that get built," said Neil Manji, Infrastructure, Engineering & Construction Leader, PwC Canada. "The projects that will have the greatest impact will not be standalone assets, but connected systems that link energy, critical minerals, transportation and communities. At PwC Canada, we help organizations navigate that complexity across the project lifecycle and turn ambition into lasting value."
Focus shifts to integrated projects
PwC Canada said hundreds of large-scale projects are planned or under construction across the energy, mining, transportation and clean technology sectors. The new resource is designed to show where investment is flowing and where project activity is building, while highlighting a shift toward projects that connect transportation, energy, digital networks, natural resources, supply chains and communities.
The company said projects structured as integrated systems can help attract domestic and international capital, expand transportation and export infrastructure, create jobs and develop workforce skills, and support Indigenous partnerships and regional economies. It also said major infrastructure could contribute to national security, particularly in the Arctic, while supporting clean electricity, low-carbon fuels, critical minerals and other energy technologies.
PwC Canada said major projects can also reduce bottlenecks and improve economic efficiency by strengthening infrastructure and supply chains, potentially supporting business growth and international competitiveness. The company said organizations involved in projects must coordinate planning, financing, governance, stakeholder engagement, regulatory execution, workforce development and risk management throughout the project lifecycle.
PwC report identifies investment gap
The new resource is based in part on findings from PwC Canada's report, which estimates that Canada will need US$4.7 trillion in infrastructure investment by 2050. The report says Canada ranks fourth globally in annual infrastructure spending at US$145 billion but invests 6.6 per cent of gross domestic product, compared with 7.4 per cent among what it describes as high-performing peers.
According to the report, closing that gap would require an additional US$34 billion a year by 2050. It also projects that defence infrastructure will grow by 389 per cent, making it Canada's fastest-growing infrastructure sector.
The report identifies three changes it says could help Canada capture the investment opportunity: moving from isolated assets to integrated systems, shifting from traditional funding toward shared capital structures that include blended public-private investment and Indigenous economic participation, and moving from legacy project delivery toward greater workforce readiness.
PwC Canada said the Advancing Canada's Major Projects resource is intended to provide an interactive view of those developments and the projects contributing to Canada's broader nation-building agenda.