PRIME Minister Mark Carney on Monday appointed Gurinder Grewal as Chief Executive Officer of Invest in Canada. He will hold the position on a full-time basis for a term of five years.

The federal government says it is focused on building a stronger, more resilient, more independent Canadian economy that is not reliant on any single trading partner. Central to this mission is its ambitious plan to catalyse $1 trillion in total investment in Canada over the next five years.

Invest in Canada is a key player in this mission – guiding investors from initial interest to shovels in the ground. To drive this mission, Carney announced the appointment of Dominic Barton as Chair of the Board of Directors of Invest in Canada and Grewal as CEO of Invest in Canada.

Barton brings extensive experience in global business, investment, and public service. He is the Chair of Rio Tinto and of LeapFrog Investments and spent more than 30 years at McKinsey & Company, including nine years as Global Managing Partner. He previously chaired Canada’s Advisory Council on Economic Growth and served as Canada’s Ambassador to China from 2019 to 2021. Barton will hold the position on a part-time basis for a term of three years.

Grewal has spent his career putting capital to work in the energy, industrials, infrastructure, and technology sectors. He is the Founder and Managing Partner of MEM Growth Partners and previously spent more than a decade at Advent International, where he was a Partner and Co-Head of Industrials, Infrastructure, and Energy.

Gurinder Grewal is an investment professional with over 25 years of experience in the energy, industrials, infrastructure, and technology sectors. He is the Founder and Managing Partner of MEM Growth Partners, an independent firm focused on investing in high-growth platforms across multiple sectors.

Grewal began his career in leveraged finance at the investment bank Donaldson, Lufkin & Jenrette (acquired by Credit Suisse) before joining Bain Capital, a global investment manager, where he was involved in investments across the fintech, industrials, media, and software industries. He subsequently spent more than a decade at Advent International, a leading private equity firm, as a Partner and Co-Head of Industrials, Infrastructure, and Energy. During this time, he led investments in market-leading platforms around the world.

Grewal’s experience includes serving as a board member of several portfolio companies in North America, South America, and Europe. He has built and led teams of investing and operating professionals and has raised debt, equity, and structured capital from global investors and capital markets. He also spent time in an operating leadership role at a portfolio company in the advanced manufacturing space, where he scaled commercial operations and supported the company’s IPO on NASDAQ.

Grewal holds a Master of Business Administration degree from Harvard Business School, in Boston, and an Honours Business Administration degree from the Ivey Business School at Western University, in London, Ontario.

Together, Barton and Grewal will lead Invest in Canada to catalyse billions of dollars of new investment in Canadian energy, critical minerals, artificial intelligence, and infrastructure. Working with provincial, territorial, Indigenous, and municipal partners – and in close coordination with the Major Projects Office – Invest in Canada will bring the world’s largest investors to Canadian projects and guide them from initial interest to actual shovels in the ground.

In its new, more ambitious form, Invest in Canada will take on a more prominent role – working closely with the largest foreign investors to build a stronger, more independent, more resilient Canadian economy.

The Prime Minister thanked Karl Tabbakh for his service as Chair of the Board of Directors during his three-year term. In 2025, Canada was the G7 country with the highest FDI inflows per capita and the second-highest FDI outflows per capita. Tabbakh has agreed to remain on the Board of Directors of Invest in Canada beyond the expiry of his term to ensure continuity, support the leadership transition, and help oversee the implementation of the next phase of the organisation’s journey.

The government says it is building a stronger, more independent, more resilient economy. Foreign direct investment (FDI) in Canada is at its highest level in two decades, running at twice the rate of its nearest G7 competitor. Invest in Canada will help build on this momentum – catalysing billions of investment into Canadian workers, businesses, and industries that will create hundreds of thousands of high-paying jobs for Canadians.

Carney said: “Canada has what the world wants. We’re an energy superpower, with the most educated workforce in the world and rock-solid fiscal strength. As we look to capitalise on these strengths with new investors, Dominic Barton and Gurinder Grewal have the experience and ambition Canada needs. Under their leadership, Invest in Canada will catalyse billions in new investments into Canada to build a stronger, more independent, more resilient Canadian economy for all.”

“Canada has what the world needs – critical minerals, clean and conventional energy, and the skilled workforce to build major projects at scale. I know that Mr. Grewal and Mr. Barton will bring exactly the experience needed to build on Invest in Canada’s strong foundation and attract global capital to the projects that will define Canada’s economic future,” said Dominic LeBlanc, Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs, Internal Trade and One Canadian Economy.

Quick Facts

• Invest in Canada is Canada’s FDI attraction and promotion agency, established under the Invest in Canada Act, which came into force in 2018. It recently moved under the responsibility of LeBlanc to better align with Canada’s efforts to build a stronger Canadian economy and work more closely with other organisations, including Canada’s Major Projects Office.
• The stock of FDI in Canada reached $1.6 trillion at the end of 2025, a 6.9% increase over the previous year. FDI inflows totalled $96.8 billion in 2025 – the highest annual level since 2007.
• Over five years, the government’s capital investments and incentives in support of third parties, totalling about $280 billion, are expected to enable more than $1 trillion in total investment from public, private, and institutional partners.
• In May 2026, Canada was ranked the world’s most attractive market for infrastructure investment by the Global Infrastructure Investor Association.
• With 16 free trade agreements across 51 countries, Canada has preferential access to 1.5 billion consumers representing two thirds of global GDP.