Last week, Prime Minister Trudeau and Quebec Premier Francois Legault announced that Northvolt AB, a Swedish company, will be constructing a $7 billion electric vehicle battery plant outside Montreal.
Prime Minister Trudeau described it as a “historic and transformative announcement.” Premier Legault referred to the project as “the biggest private investment in the recent history of Quebec.”
The federal government has pledged $1.34 billion towards the construction of the plant, in addition to more than $3 billion in production incentives. Quebec has committed $2.9 billion for construction of the plant, in a combination of debt and equity financing.
The battery plant is projected to begin operations in 2026, with initial capacity to produce enough batteries to power one million electric vehicles per year. It is also expected to create up to 3,000 jobs in the region, and contribute $1.6 billion to the Canadian economy.
In Telus Communications Inc. v. Federation of Canadian Municipalities, the Supreme Court of Canada considered the correct interpretation of the term “transmission line”, as used in sections 43 and…
Have you ever been in an online meeting with your headphones on, and wished that your coworkers could read your mind and stop coming to your desk with questions? The team at Flipper Devices know this…
Garmin is levelling up its biking equipment with Varia Vue, a headlight equipped with a front-facing, video-recording camera. The technology is similar to the “dash cam” feature for vehicles. While…
Nanoprecise Sci Corp. (“Nanoprecise”), an Edmonton-based leader in AI-driven predictive maintenance, recently secured a US$38 million Series C equity and debt funding round. The round was led by…
Ulnar collateral ligament (“UCL”) injuries – tears of damages to the inner elbow ligament - have been a challenge for baseball pitchers of all skill levels since the sport’s inception. Baseball fans…
As digital threats become increasingly sophisticated, protecting Canada’s defence supply chains has never been more important. To address this challenge, the Government of Canada introduced the…
