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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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Premier Ford and Prime Minister Carney Launch New Action Plan to Protect Workers from Tariffs and Strengthen Ontario Industries
Source: Ontario - Premier's Office
Date: 2026-10-21 19:30:00.0
Tags: [National, Ontario, Economy, Trade, Labour, Industry, Infrastructure, Mining, Energy]The Government of Ontario and the Government of Canada announced a combined $8.7 billion action plan to protect workers and industries from U.S. tariffs. The package includes the Joint Steel Action Fund with $3.55 billion from the federal government and $1.67 billion from Ontario, an additional $2.5 billion over two years for large-scale automotive capital projects (up to $1.5 billion federal and $1 billion provincial), and a federal commitment of up to $1 billion over three years for essential road infrastructure in Northern Ontario’s Ring of Fire region. Additionally, light-duty vehicle greenhouse gas regulations will be maintained at 2026 levels (172 grams per mile) through 2029 to provide trade-related relief to the automotive sector.
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Premier Ford and Prime Minister Carney Launch New Action Plan to Protect Workers from Tariffs and Strengthen Ontario Industries
Source: Ontario - Premier's Office
Date: 2026-10-21 19:00:00.0
Tags: [National, Ontario, Economy, Trade, Labour, Industry, Mining, Infrastructure]Ontario Premier Doug Ford and Prime Minister Mark Carney announced an $8.7 billion joint action plan to protect workers and industries from U.S. tariffs and global uncertainty. The initiative establishes a $5.22 billion Joint Steel Action Fund ($3.55 billion federal, $1.67 billion provincial), a $2.5 billion automotive manufacturing capital upgrade fund ($1.5 billion federal, $1.0 billion provincial), and a $1 billion federal matching investment for road infrastructure in Northern Ontario's Ring of Fire region. Furthermore, the plan creates bilateral task forces for steel, automotive, and critical minerals, implements tighter trade remedies through the Canada Border Services Agency, and leverages Buy Canadian and Buy Ontario procurement policies.
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Carney government has no launch date planned for proposed sovereign wealth fund
Source: CBC Politics
Date: 2026-10-21 08:00:00.0
Tags: [National, Economy, Finance, Infrastructure, Industry, Governance]Nearly six months after Prime Minister Mark Carney announced plans to create the Canada Strong Fund—a proposed national sovereign wealth fund backed by $25 billion in seed funding over three years—the federal government has yet to establish a launch date or finalize its operational details. Administered as an arm's-length Crown corporation, the fund is intended to invest domestically in energy, infrastructure, agriculture, and technology alongside private investors, while introducing a retail investment product for ordinary Canadians. Finance Minister François-Philippe Champagne's office indicated that a significant update, including leadership announcements and mandate reviews to prevent overlap with existing entities like the Canada Growth Fund and Canada Infrastructure Bank, will be provided in the upcoming fall budget.
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Ontario Welcomes $479 Million Advanced Manufacturing Investment in London
Source: Ontario - Ministry of Economic Development, Job Creation and Trade
Date: 2026-10-16 13:30:00.0
Tags: [Ontario, National, Economy, Industry, Energy, Infrastructure]Hitachi Energy Canada is investing $479 million to establish a 21,000-square-meter Transformer Insulation Centre in London's Huron Industrial Park, creating over 100 new jobs with completion expected by 2028. The facility will feature the world's first transformer pressboard manufacturing line with four formers, capable of producing up to 20,000 tonnes of material annually to strengthen North America's transformer supply chain. The Ontario government is providing up to $20 million in funding through the Invest Ontario Fund, while the Government of Canada is contributing $20 million through the Strategic Response Fund alongside $10 million from Natural Resources Canada.
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LNG Canada to use Chinese steel on $33-billion expansion project in Kitimat, B.C.
Source: CBC Politics
Date: 2026-10-02 14:51:57.0
Tags: [National, British Columbia, Energy, Trade, Industry, Infrastructure]LNG Canada has announced that its joint venture partners will utilize the state-owned China Offshore Oil Engineering Co., Ltd. (COOEC) to source specialized fabricated steel modules for its $33-billion Phase 2 expansion project in Kitimat, B.C., citing a lack of domestic fabrication capacity. The expansion will add two new processing units, increasing production capacity from 14 to 28 megatonnes per year by the early 2030s. While Prime Minister Mark Carney's newly introduced federal Major Projects Office and Buy Canadian policies emphasize domestic sourcing, private sector energy companies retain the autonomy to determine their supply chains. Meanwhile, pipeline operator Coastal GasLink targets approximately 70% Canadian steel—around 15,000 tonnes—for the compressor stations required to support the terminal's expanded throughput.
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Ottawa signs preliminary deal with Swedish firm Saab for 6 GlobalEye aircraft
Source: CBC Politics
Date: 2026-09-25 13:00:00.0
Tags: [National, Defence, Industry, Trade, Infrastructure]The federal government, represented by Secretary of State responsible for Defence Procurement Stephen Fuhr, signed a preliminary agreement with Swedish firm Saab and Canadian partner Bombardier to acquire and build six GlobalEye airborne early warning and control (AEWC) aircraft in Canada. The preliminary contract serves as the basis for final negotiations regarding the production schedule, Canadian configuration, and development program, though specific timelines and final procurement costs have not yet been disclosed. The GlobalEye platform was selected based on geopolitical and economic criteria to detect long-range threats like aircraft, missiles, and drones, despite reports from sources indicating the aircraft currently meets only a handful of military requirements and will require significant modifications. The Conservative Party has criticized the sole-source acquisition process and called on the Auditor General and the Parliamentary Budget Officer to investigate the project's operational readiness and adherence to defence needs.
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PQ leader says he's worried Ottawa is meddling in Quebec election
Source: CBC Politics
Date: 2026-09-04 22:03:52.0
Tags: [Quebec, National, Governance, Infrastructure, Industry, Transportation]Parti Québécois Leader Paul St-Pierre Plamondon has requested that Élections Québec investigate potential federal interference and illegal campaign contributions in the upcoming October 5, 2026 provincial election, citing recent federal announcements including an $11-billion investment in the Davie shipyard, a Churchill Falls agreement with Newfoundland and Labrador, and a $4.7-billion train car manufacturing investment in La Pocatière. St-Pierre Plamondon also raised concerns over alleged coordination between Prime Minister Mark Carney's federal government, Coalition Avenir Québec Leader Christine Fréchette's campaign, and the non-profit organization Mission Leadership Québec regarding town hall contracts. Premier Christine Fréchette has denied the allegations of federal meddling, asserting that the partnerships benefit Quebec.
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Industrial development near Whitehorse's Ice Lake should go ahead, board says
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-09-03 23:14:10.0
Tags: [National, Municipal, Industry, Infrastructure, Environment]The Yukon Environmental and Socio-economic Assessment Board (YESAB) has recommended that a contentious industrial development project near Ice Lake in Whitehorse proceed, concluding it will not cause significant adverse environmental or socio-economic effects. Proposed by the territorial government, the project involves building a subdivision of approximately 15 industrial-commercial lots across a 25-hectare forested parcel off the Alaska Highway, which includes the Whitehorse weigh scales and 526 metres of new roadway. While the Yukon Contractors Association strongly supports the development due to an acute shortage of commercial and industrial land in the city, local residents and trail users have raised public backlash over the loss of popular green space used for hiking, biking, and snowmobiling. The YESAB recommendation has now been submitted to the Yukon government for a final decision.
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VIA Rail cars to be made in Canada for 1st time in 40 years, Carney says
Source: Global News Politics
Date: 2026-09-03 15:40:02.0
Tags: [National, Ontario, Quebec, Transportation, Infrastructure, Trade, Industry]Prime Minister Mark Carney announced a $4.7 billion contract to build and maintain 313 new passenger cars for VIA Rail domestically in Canada, marking the first time in 40 years that the rail cars will be produced in the country rather than the United States. The manufacturing will be executed by Alstom at its plant in Thunder Bay, Ontario, directly supporting 700 jobs across Ontario and Quebec while maximizing the use of Canadian steel. The announcement comes amid ongoing trade tensions and U.S. tariffs following the federal government's decision to suspend trade negotiations with the United States.
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