The 2001 Molson Indy Toronto was a Championship Auto Racing Teams (CART) motor race held on July 15, 2001, at the Exhibition Place circuit in Toronto, Ontario, Canada. It was the tenth round of the 2001 CART season, the 16th annual edition of the Molson Indy Toronto, and the first of two events that were held in Canada. The 95-lap race was won by Team Motorola driver Michael Andretti, who started from the 13th position. Alex Tagliani finished second for the Forsythe Racing team, and Fernandez Racing driver Adrián Fernández came in third.

The 2001 FedEx Championship Series season was the twenty-third in the Championship Auto Racing Teams (CART) era of American open-wheel car racing. It consisted of 20 of the 22 originally scheduled races, beginning in Monterrey, Mexico on March 11 and concluding in Fontana, California on November 4. What would have been the third race in the season, the Firestone Firehawk 600 in Fort Worth, Texas, was canceled after qualifying due to safety concerns. The FedEx Championship Series Drivers' Champion was Gil de Ferran, while the Rookie of the Year was Scott Dixon.