S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

Canada Shifts Toward Large-Scale Nuclear Expansion

Canada is launching a strategic push to construct ten new large-scale nuclear reactors, aiming to double the national electricity grid's capacity by 2050. Energy Minister Tim Hodgson unveiled the plan on Monday, citing rising power demands from artificial intelligence data centers, advanced manufacturing, and the rare-earths mining sector.

Canada Shifts Toward Large-Scale Nuclear Expansion

The government intends to have at least two of these major facilities under construction by 2035. To facilitate this, Ottawa plans to accelerate regulatory reviews and finalize a financing framework by early next year, specifically designed to draw capital from pension and sovereign-wealth funds. Prime Minister Mark Carney has recused himself from the initiative due to his former role as chairman of Brookfield Asset Management, which holds a majority stake in Westinghouse Electric.

While the federal government frames this as a cornerstone policy for energy security and economic stability amidst trade pressures, the plan faces significant structural hurdles. Under the Canadian constitution, provinces maintain exclusive jurisdiction over electricity generation, limiting Ottawa's direct influence. Currently, the vast majority of nuclear power is concentrated in Ontario, which relies on the sector for 55% of its electricity. Beyond the large-scale reactors, the government is also exploring the deployment of small-modular reactors, particularly in Saskatchewan, as a potential solution for remote indigenous communities currently dependent on diesel fuel.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!