In Budget 2026, unveiled on November 5, the Canadian federal government pledged support for 500 megawatts of computing capacity reserved for Canadian artificial intelligence companies. Ottawa plans to use loan backstops and long-term purchase agreements to attract private capital for the construction of domestic AI infrastructure. The commitment builds on the Canadian Sovereign AI Compute Strategy, launched in December 2024 with up to 2 billion Canadian dollars in funding. The support is aimed primarily at early-stage companies struggling to secure guaranteed computing capacity, while the rapid growth of private projects, including Bell’s Saskatchewan initiative, raises questions about the scale of the public pledge.
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