30 result(s) for “Industry”
The federal government has launched a record C$1.75 billion Venture and Growth Capital plan to keep high growth companies in Canada. Officials opened a fund of funds call this month, but industry and program documents show most funding streams will not reach managers or startups for many months.
The federal government on October 21 issued a new Cabinet Directive that forces regulators to offset regulatory cost increases with larger cuts, seeks faster repeal of outdated rules and aims to make Canada more attractive for investment and exports. Businesses and advocacy groups welcomed the move, but analysts warn implementation and legal limits will determine the impact.
A new KPMG Canada survey of 346 senior executives finds overwhelming support for a major overhaul of the tax system and faster action on trade diversification, putting pressure on Finance to deliver concrete measures in the November budget.
Cleveland-Cliffs says Stelco contributed positively to its third quarter, but the U.S. steelmaker is idling lines and cutting hundreds of jobs in Hamilton and Nanticoke. The federal government says the layoffs may breach undertakings tied to the 2024 acquisition and is demanding a plan to protect Canadian jobs.
EverWind Fuels says it will build a C10 billion data centre and wind portfolio at Point Tupper, Cape Breton, and has signed a long term lease with AI company Anthropic to host Claude model capacity, a deal developers call the largest private investment in Nova Scotia history.
EverWind announced on October 16, 2026 a privately funded plan to invest more than C$10 billion to build an AI-focused data centre campus at Point Tupper and expand onshore wind generation in Nova Scotia. The proposal brings large-scale private capital and local revenue promises, while raising questions about grid capacity, water use, and long term local benefits.
The federal government announced a C$100 million investment on October 16, 2026 to accelerate data collection, transmission studies and early-stage preparation for Wind West, Nova Scotia’s flagship offshore wind program. The move aims to reduce investor risk and catalyze private capital for a potential multibillion dollar industry.
The federal government on October 15, 2026 pledged 100 million to advance Wind West, a Nova Scotia led offshore wind and transmission initiative, funding site characterization, transmission modelling and early-stage marine surveys ahead of a winter 2027 call for bids.
Canadian Imperial Bank of Commerce said on October 14, 2026 that it will list 11 new U.S. Canadian Depositary Receipts on the TSX, increasing the bank’s CDR roster and giving Canadian investors lower priced, Canadian dollar exposure to a broader set of U.S. companies.
Czechoslovak Group acquired a 9.5 percent holding in Toronto and New York listed MDA Space on October 13, 2026, marking a major foreign strategic investor entry into Canada’s space sector and raising questions about industrial partnerships, supply chains and national security.
A coalition of local managers, unionized workers and First Nations has publicly launched efforts to acquire Rayonier Advanced Materials’ idled pulp and paperboard mill in Témiscaming, Quebec, aiming to restart production and protect hundreds of jobs amid tariff-driven market pressure.
The federal government has given Cleveland-Cliffs five days to explain how it will meet employment commitments tied to its 2024 purchase of Stelco, after the U.S. owner pressed ahead with layoffs at the Hamilton steelworks. The company’s CEO said he is prepared to fight in court, raising the prospect of a high stakes legal and political battle over foreign investment commitments and Canadian industrial policy.
Stelco says it will proceed with scheduled layoffs at its Hamilton operations, prompting Industry Minister Melanie Joly to warn Cleveland-Cliffs that the federal government may seek legal remedies under the Investment Canada Act if job commitments are not met.
Discovery Mining agreed to acquire McEwen Inc.s Fuller project and a 60 percent interest in Paymaster, expanding land next to the Dome Mine in Timmins and creating scope for new processing and tailings infrastructure.
On October 9, 2026, Ottawa took its case to manufacturers in Quebec, promoting a permanent Productivity Mega Deduction that officials say will cut the marginal tax on new business investment roughly in half and strengthen Canada’s appeal for capital spending.