RY, CSU, LULU: Canada Seeks $1 Trillion in Investments as Economy Stagnates

Canadian Prime Minister Mark Carney plans to hold a summit this autumn where he will seek $1 trillion of new investments for the country.

The Toronto summit will seek to raise $1 trillion of investments over the next five years to advance a number of nation-building projects. The move by Carney’s Liberal government comes with the Canadian economy stagnating under the weight of U.S. tariffs and elevated inflation.

The summit also comes after Carney spent the past few months globetrotting and trying to get international investors and businesses to put money into the Canadian economy. The government in Ottawa is trying to diversify Canada away from its reliance on the U.S. in the wake of tariffs.

The situation has weighed on leading Canadian stocks such as Royal Bank of Canada (RY), Constellation Software (TSE:CSU) and Lululemon Athletica (LULU).

Canada’s Strengths?

Carney said that the goal of the investment summit this fall is to grow Canadian businesses, unlock job opportunities, and build a stronger economy that is less reliant on neighboring America. The Prime Minister added that Canada’s strengths as an energy producer with a highly-educated workforce should appeal to investors.

However, data shows that Canada has suffered from declining international investments for more than a decade. A recent report from Royal Bank said that $1 trillion in foreign investment exited the Canadian economy between 2015 and 2024, in what the report calls the “largest capital exodus in Canadian history.”

Carney is now trying to get that investment back.

Is LULU Stock a Buy?

Lululemon Athletica’s stock has a consensus Hold rating among 20 Wall Street analysts. That rating is based on one Buy and 19 Hold recommendations issued in the last three months. The average LULU price target of $179.53 implies 11.47% upside from current levels.