Canadian infrastructure pledges reach $85 billion across four announcements

The Toronto-based bank listed electricity generation, transmission and distribution, pipelines, roads, airports and terminals, mining and critical minerals, AI computing, defence and security, and oil and gas.  

“As Canada’s first bank, BMO’s story is Canada’s story,” said Darryl White, chief executive officer of BMO Financial Group, in the bank’s September 11 release. “Building Canada has always depended on bold ideas backed by capital.”  

The capital is expected to take the form of bank financing, debt capital markets activity and public equity raises, rather than balance-sheet investment alone. 

Sun Life Financial Inc., also of Toronto, announced the same morning a Commitment to Canadian Infrastructure Initiative targeting $5bn over five years in digital technology, energy, and transportation and logistics.  

Of that, $1.5bn is earmarked for Canadian infrastructure equity overseen by SLC Management and managed by InfraRed Capital Partners.