The Globe and Mail reports in its Thursday edition that if Canada takes certain steps, including increasing the competitiveness of its tax and regulatory systems, it could unlock an "investment supercycle," a report from TD Economics says. The Globe's Olivia Grandy writes that the analysis comes as the country finds itself in a prolonged trade war with the United States, which has escalated just before Prime Minister Mark Carney's Canada Investment Summit, set to attract the world's largest money managers to Toronto on Sept. 14 and 15. The report outlines "the art of the possible in Canadian investment" if government policy falls into place, TD Bank Group deputy chief economist Derek Burleton told The Globe. The report estimates that more than $1-trillion could be spent on approved or on-the-table projects over the next decade and beyond. "We know there's no silver bullet," Mr. Burleton said, but the combination of Canada's richness in natural resources, global structural changes such as the push for defence dollars and government risk-taking creates a "hallmark of a supercycle." Of that $1-trillion in long-term spending on over 300 publicly announced projects, energy was the largest sector, accounting for 34 per cent.