20 Apr 2021 | News
Canada makes multi-million dollar bets on green tech, quantum and AI in annual budget
Trudeau’s government sets out massive spending for research and tech development – but snap election could scupper plans
Justin Trudeau’s government has laid out plans for multi-million dollar investments in research in Canada’s first federal budget since 2019.
Vowing to “punch our way out of the COVID recession”, Canadian finance minister Chrystia Freeland pledged C$100 billion in stimulus projects over three years, including in green technology, artificial intelligence development and to boost vaccines manufacturing.
Canada’s financial roadmap for the future includes C$360 million over seven years for the country’s first National Quantum Strategy, and C$400 million over six years for a genomics strategy.
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