Alberta, Ontario Premiers Sign Trade, Energy Memorandums to Boost Markets
Alberta, Ontario Premiers Sign Trade, Energy Memorandums to Boost Markets

Alberta, Ontario Premiers Sign Trade, Energy Memorandums to Boost Markets

News summary

Alberta Premier Danielle Smith and Ontario Premier Doug Ford have signed two memorandums of understanding to strengthen economic ties between their provinces by advancing pipeline and rail infrastructure projects and boosting interprovincial trade. The agreements include a joint feasibility study to identify optimal routes for pipelines and rail lines that would transport Alberta's oil, gas, and critical minerals to eastern Ontario, with a commitment to use Ontario-made steel. Both premiers emphasized collaboration to increase market access for key industries, including commitments for Alberta to purchase Ontario-made vehicles and Ontario to ease sales of Alberta alcohol. Premier Ford highlighted that the agreements aim to reduce Canada's economic reliance on the United States amidst uncertainties caused by President Donald Trump's tariffs and called on the federal government to repeal energy regulations such as net-zero targets. The initiatives also include exploring nuclear energy solutions to address growing electricity demands in both provinces. Overall, the agreements signify a shared effort to enhance trade, infrastructure, and energy development to boost the Canadian economy.

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