04:43:24 EDT Tue 01 Jul 2025
Enter Symbol
or Name
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CA



Amazon.com CDR (CAD Hedged)
Symbol AMZN
Shares Issued 31,800,000
Close 2025-04-21 C$ 19.76
Market Cap C$ 628,368,000
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Globe says Carney may cut work for Amazon, rivals

2025-04-22 07:23 ET - In the News

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The Globe and Mail reports in its Tuesday edition that Mark Carney stated that a Liberal government would focus on reducing federal contracts with U.S. tech giants as part of a "Buy Canada" initiative in reaction to U.S. tariffs. The Globe's Bill Curry writes that the Liberal Leader addressed a Globe report about a plan to steer more cloud-computing contracts to Canadian companies after strong industry pushback against a competition shortlisting American multinationals. The four companies shortlisted in the competition are Amazon Web Services Canada, Google Cloud Canada, Microsoft and Oracle Canada. This process will result in a 25-year contracting arrangement. When asked for his thoughts, Mr. Carney said that strengthening the capacity of Canadian technology companies and minimizing reliance on American providers is a key aspect of his party's economic strategy. Mr. Carney said: "With respect to technology, we have many strengths in this area, including in artificial intelligence, intelligence infrastructure, data infrastructure. And the question is, how do we strategically develop this as a country? How do we go from where we are today, which is too high dependence on U.S. providers, to a more balanced approach."

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