• Canada to invest up to $1.6B in Toronto-based AI company Cohere

  Source: CBC Politics
  Date: 2026-10-29 17:12:24.0
  Tags: [National, Economy, Technology, Industry, Infrastructure]

  The federal government of Canada announced an equity investment of up to $1.6 billion in Toronto-based artificial intelligence company Cohere as part of a broader $7 billion funding round led by Germany's Schwarz Group. The funding will support model development, products for regulated industries, and computing infrastructure, with Cohere committing to invest at least $1.7 billion in new computing infrastructure in Canada by 2030. Additional participants in the funding round include Nvidia and BCE subsidiary Bell Canada, ensuring Cohere's incorporation and headquarters remain in Canada.

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• AI-driven project to modernize New Brunswick forestry getting $50M boost from Ottawa

  Source: New Brunswick - Regional News
  Date: 2026-10-14 20:19:53.0
  Tags: [New Brunswick, National, Economy, Resources, Technology, Industry]

  The federal government is committing up to $50 million to help build the New Brunswick Strategic Innovation Centre in Digital Forestry. The total $86 million project, led by the Northern Hardwoods Research Institute in collaboration with ResearchNB and the provincial Department of Natural Resources, will use artificial intelligence and digital tools to better track wood supply, optimize logistics, and reduce empty truck miles. Forestry currently supports approximately 24,000 jobs in New Brunswick and contributes roughly $1.5 billion annually to the provincial economy.

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• Atlantic Canadian businesses can now apply for nearly $40M in AI funding

  Source: Prince Edward Island - Regional News
  Date: 2026-10-14 18:00:00.0
  Tags: [Prince Edward Island, Nova Scotia, New Brunswick, Newfoundland and Labrador, National, Technology, Economy, Industry, Finance]

  The Atlantic Canada Opportunities Agency has launched a federal funding program offering nearly $40 million for small and medium-sized businesses pursuing large-scale artificial intelligence projects costing at least $1 million. The funding supports two primary tracks: adopting AI into internal business operations, such as proposal development tools utilized by Cabco Technologies, or developing new AI solutions to bring to market. Applications for the program remain open until November 20. The initiative aims to address a regional adoption gap highlighted by the Atlantic Economic Panel, which reported that approximately 15 per cent of Atlantic Canadian businesses with 10 or more employees use AI, compared to 20 per cent nationally.

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• Read a transcript of Carney’s speech to the European Parliament

  Source: Global News Politics
  Date: 2026-09-17 18:21:30.0
  Tags: [National, Trade, Economy, Industry, Technology, Defence]

  Prime Minister Mark Carney addressed the European Parliament to pitch a deeper strategic and economic partnership between Canada and the European Union, focusing on cooperation in artificial intelligence, critical minerals, and defence. Highlighting existing agreements like CETA and the Strategic Partnership Agreement, Carney responded favorably to an invitation from EU leadership for Canada to become the EU's first associate member. He proposed bolstering collective resilience through seamless digital trade, joint access to frontier research programs such as Horizon and Erasmus Plus, and secure supply chains spanning over 34 critical minerals and clean energy technologies.

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• Canada is investing $150M to make AI safer. Will it work?

  Source: CBC Politics
  Date: 2026-09-16 23:58:11.0
  Tags: [National, Quebec, Technology, Industry, Economy]

  The federal government is investing $150 million in LawZero, a Montreal-based non-profit AI lab founded by Yoshua Bengio, alongside a 100 million euro investment from the German government. The funding is directed toward developing "Scientist AI," a new safety-focused AI model designed to operate on objective truths without autonomous goals. This initiative coincides with a merger agreement between Canadian AI firm Cohere and German AI firm Aleph Alpha to bolster sovereign technological capacity.

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• Provincial Government Invests $4 Million to Support Growth of Atlantic Spaceport Complex

  Source: Newfoundland & Labrador - Government Releases
  Date: 2026-08-27 13:30:22.0
  Tags: [Newfoundland and Labrador, National, Economy, Industry, Technology, Defence]

  The Government of Newfoundland and Labrador is investing $4 million consisting of a $1 million term loan and a $3 million forgivable loan into NordSpace Corporation to support the development of the Atlantic Spaceport Complex in St. Lawrence. The broader $10 million project also includes a $1 million contribution from the Government of Canada through the Atlantic Canada Opportunities Agency and a $5 million private investment from NordSpace Corporation. The provincial funding is tied to the creation of 100 new full-time permanent positions by 2033 to establish Canadian commercial space-launch capabilities.

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