The Prime Minister will hold meetings with the chief executives of Macquarie Group and Temasek Holdings in Ottawa on Monday, September 14, 2026.

These engagements are part of a broader schedule that includes an announcement on Canadian data sovereignty and attendance at the Canada Investment Summit opening gala dinner.

Schedule of Events

The Prime Minister’s itinerary for the day includes the following key interactions:

Media Coverage

Photo opportunities are scheduled for the meetings with both Macquarie Group and Temasek Holdings. The event at 4:10 p.m. regarding data sovereignty allows open coverage, though media representatives must confirm attendance by contacting media@pmo-cpm.gc.ca . The evening gala dinner is closed to media access.

Canada is projected to be more than 20 years behind schedule in meeting its 2030 emissions target, according to new analysis by the Canadian Climate Institute. The country faces a 460 megatonne gap between current trajectories and its legislated net zero goal by 2050.

The research, conducted in partnership with Navius Research, indicates that under today’s policies, Canada would not hit its 2030 target before 2050. This delay stems largely from rolled-back commitments, including weakened industrial carbon pricing, delayed methane regulations, and changes to electric vehicle policy.

What the Numbers Show

The divergence between policy ambition and actual outcomes is stark. While existing policies prevent an even larger surge in emissions, they are insufficient to offset carbon-intensive development. Without current measures, national emissions in 2030 would be more than 90 megatonnes higher. However, these same policies still leave the country 202 million tonnes above net zero-aligned levels by 2040.

This gap of 202 million tonnes by 2040 is roughly equivalent to leaving an extra 44 million gasoline-powered cars on the road or nearly the total combined emissions of Ontario and British Columbia.

Policy Rollbacks Drive Divergence

The analysis attributes higher projected emissions to specific policy reversals across federal and provincial governments. Key factors include:

• Weakened industrial carbon pricing frameworks
• Delayed methane regulations
• Changes to electric vehicle incentives
• Cancellation of the oil and gas emissions cap

The remaining climate policy framework struggles to counteract expanded oil and gas production, new pipelines, and increased natural gas usage for electricity and heating.

Future Measures Remain Uncertain

The federal government has promised additional measures, including updated carbon pricing standards and regulations aiming for equivalent 75% EV sales by 2035 and 90% by 2040. A strategy to expand power grids and electrify the economy is also planned. However, the final details and effectiveness of these initiatives remain undetermined.

Rick Smith, President of the Canadian Climate Institute, stated that Canada must prepare for 5° Celsius of average warming unless global efforts to reduce emissions prevail. Dale Beugin, Executive Vice President, warned that the emissions gap signals declining international competitiveness as trading partners accelerate clean energy transitions.