Canada is investing $115 billion in electrification through 2042, anchored by Budget 2026 and the National Electricity Strategy. More than $50 billion of it targets doubling the electricity system by 2050.
The money flows to generation and grid expansion, renewable projects, workforce upskilling, and programs such as Smart Renewables and Electrification Pathways. The strategy responds to rising demand from industry, AI, and data centres. Electricity Canada calls it one of the most significant commitments to the country’s electricity future in a generation.
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