The California-based think tank will host global investors, finance and business leaders from across various industries in Toronto, sources told Bloomberg. Former economic development minister Mary Ng is said to be working on the event. The institute did not immediately respond to The Logic’s request for comment. (Bloomberg)

Talking point: News of the summit comes as Canada tries to drum up interest from international investors. Prime Minister Mark Carney announced plans last month to host the world’s top CEOs, investors and business leaders in Toronto this September in a bid to draw money to Canadian assets. The Milken event could add to the buzz around Canada as a place to invest and do business in, at a time when it and some other countries around the world try to diversify beyond the U.S.