3 result(s) for “Economic Development”
The federal government announced funding to expand Xona Space Systems Canada in Montreal, aiming to strengthen Canada’s positioning, navigation and timing capabilities, create skilled jobs and bolster the domestic defence and space supply chain.
The federal government announced a major expansion of regional AI supports on October 14, 2026, directing roughly half a billion dollars to help small and medium sized firms buy, build and scale Canadian AI products. Officials said the move aims to boost commercialization, attract investment and keep AI jobs and supply chains inside Canada.
Stelco has begun issuing layoff notices at its Hamilton steelworks even after the federal industry minister gave the company five business days to present a compliance plan under the Investment Canada Act. The dispute raises fresh questions about foreign ownership, trade policy and enforcement tools for protecting Canadian jobs.