Prime Minister Mark Carney named Dominic Barton, chair of global mining giant Rio Tinto and private equity firm LeapFrog Investments—and a former ambassador to China—as chair of Invest in Canada on a part-time basis. He also appointed private equity investor Gurinder Grewal as CEO of the federal investment agency. (The Logic)

Talking point: Barton replaces Karl Tabbakh, who will remain on the board. Grewal replaces former Ontario cabinet minister Laurel Broten, whose resignation was announced Monday morning, more than a year before her term was set to expire. Carney’s statement said that Invest in Canada, which the government recently put under the oversight of Internal Trade Minister Dominic LeBlanc, will now work more closely with the Major Projects Office to connect large foreign investors with opportunities in Canada and help move projects toward development. Carney also said Invest in Canada will take on a “more prominent role” in the government’s push to catalyze $1 trillion in total investment over five years, with a focus on energy, critical minerals, artificial intelligence and infrastructure. The agency and Broten reportedly had been involved in organizing the forthcoming Canada Investment Summit, though it’s not clear to what extent. Louis Bélanger, spokesperson for Invest in Canada, declined to respond to The Logic’s questions on whether Broten had been involved with the summit. – Chaimae

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