12:56:42 EDT Thu 09 Jul 2026
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Amazon.com CDR (CAD Hedged)
Symbol AMZN
Shares Issued 52,550,000
Close 2026-07-08 C$ 27.94
Market Cap C$ 1,468,247,000
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Globe/CP say Microsoft sees data-centre debate rage on

2026-07-09 08:17 ET - In the News

See In the News (C-MSFT) Microsoft CDR (CAD Hedged)

The Globe and Mail reports in its Thursday edition that a document for federal Artificial Intelligence Minister Evan Solomon highlights a significant proposed increase in Canada's data-centre capacity to attract international investors to the country's AI ecosystem. A Canadian Press dispatch to The Globe reports that government spokesmen strongly disputed the figure, saying it does not reflect Canada's expected capacity, which will be much lower. It says Canada currently has about 337 megawatts of AI data-centre capacity, and there are more than 20 gigawatts -- or 20,000 megawatts -- in projects that are "under planning or development." The number was included in a presentation prepared by a government department for AI Minister Evan Solomon to use with international investors. "With AI expected to proliferate in the coming years, crowding out existing markets, more investors are seeking alternative destinations to host data centres," the presentation says. Opposition to data centres has been rising. Last month, Manitoba Premier Wab Kinew said no to a massive data centre near Winnipeg. He argued the sheer size of the project, its glutenous appetite for energy and its impact on the community outweigh the limited gains.

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