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In a press statement on July 23, the Ontario government said this funding aims to build more secure supply chains and "reduce reliance on foreign sources of critical minerals in ...
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The company stated that this investment is the first in a series of planned expansions aimed at increasing its Canadian manufacturing capabilities.
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The MOU calls for the new pipelines and rail lines to be built using Ontario steel.
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The reports come ahead of the Bank of Canada’s next interest rate decision and monetary policy report set for July 30.
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The prime minister said Canada must rely more on "Canadian steel, for Canadian projects."
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