BMO's $70 billion accounts for seven of every ten dollars pledged before Carney's summit

Six of the seven institutions on BetaKit's list gave a dollar figure, and together they come to about $98.4 billion in Canadian dollars ^[1]. BMO's $70 billion is 71 percent of that ^[2]. Its own word for the plan was "mobilize", and its window is the next decade ^[8]. The rest is $10 billion each from Ontario Teachers' and Power Sustainable, $5 billion from Sun Life, $2 billion from CIBC, and $1.4 billion CAD inside RBC's fund ^{[7][9][10][6][4]}.

The target the summit is built around is $1 trillion over five years ^[2]. The pledges keep different clocks. Ontario Teachers' $10 billion is due by the end of 2027 ^[7]; CIBC, Power Sustainable and Sun Life each said five years ^[6][9][10]; BMO said ten ^[8]. Split BMO's evenly at $7 billion a year and $35 billion falls inside five. Add the four five-year pledges and RBC's fund and the visible five-year total is about $63 billion, roughly 6 percent of the trillion ^[3]. BetaKit's RBC entry does not give a deployment period ^[4].

For a company raising money, the composition matters more than the total. RBC's fund is the only entry described as backing scaling Canadian technology companies ^[4]. CIBC's $2 billion is financing for defence and dual-use small and medium businesses working on infrastructure, energy, cybersecurity, digital capabilities and advanced technologies ^[6]. BMO's sectors are electricity, energy, oil and gas, transportation, mining, AI computing and defence ^[8]. Power Sustainable's portfolios include infrastructure equity, infrastructure credit, and private equity for clean energy, industrials and agri-food ^[9]. Sun Life's $5 billion sits under a Commitment to Canadian Infrastructure Initiative ^[10].

Inside that one technology fund, RBC's own money is up to $300 million USD of a $1 billion USD vehicle, so 30 percent, with the $700 million USD balance to come from third parties ^[5][5]. Ontario Teachers' $10 billion, by contrast, is a 10 percent addition to the roughly $100 billion of gross assets it already holds in Canada ^[7][6].

The entry that resists addition is PSP's. It told the Financial Post it will lift Canadian commitments by 30 to 40 percent over the next few years to reach roughly $100 billion in domestic assets ^[11]. Work backwards and the base is about $71 billion to $77 billion, so the increment is $23 billion to $29 billion ^[7]. Counted in dollars, that would be the second-largest item on the list ^[8].

In my view most of this tally is balance-sheet capacity pointed at sectors these lenders already finance, and the two biggest numbers are the ones that need money from someone else. There are two ways that turns out otherwise. If the 100 institutional investors arriving in Toronto subscribe to the third-party portions, the mobilization figures convert into deployed capital and the five-year path has a start ^[1]. If instead they come to buy assets these institutions already own, the pledged money recycles and the new-build total is smaller. The evidence that would break the first reading is a later entry on BetaKit's running list that is fresh equity into companies at the scale of the infrastructure numbers; the largest such number so far is $1.4 billion CAD ^[12][4].