05:04:04 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Amazon.com CDRs (CAD Hedged)
Symbol AMZN
Shares Issued 26,050,000
Close 2024-12-06 C$ 27.01
Market Cap C$ 703,610,500
Recent Sedar Documents

Globe says Amazon, rivals hear Ottawa to aid AI sector

2024-12-06 07:37 ET - In the News

Also In the News (C-GOOG) Alphabet Inc CDRs (CAD Hedged)
Also In the News (C-META) Meta CDR (CAD Hedged)
Also In the News (C-MSFT) Microsoft CDR (CAD Hedged)

The Globe and Mail reports in its Friday edition that Ottawa plans to spend $2-billion: $1-billion on supercomputing infrastructure for artificial intelligence models and $1-billion to subsidize companies building data centres for AI resources. The Globe's Joe Castaldo writes that Innovation, Science and Economic Development Canada provided new details Thursday of the government's AI infrastructure strategy, which was first announced in April. The government will invest up to $700-million to develop new AI data centres in Canada and expand existing ones. An application process has been launched for companies and public-private partnerships to access the funding, with criteria emphasizing significant provincial or territorial involvement and meaningful Canadian industry participation. Foreign companies such as Amazon and Google dominate the market for data centres and AI infrastructure and are already spending billions of dollars to build facilities globally. The federal criteria do not appear to prohibit foreign companies from applying along with Canadian partners to receive funds. The government will also prioritize projects that set aside affordable capacity for Canadian customers and use sustainable energy sources.

© 2025 Canjex Publishing Ltd. All rights reserved.