Canada Commits Over $50 Billion to Upgrade Its Power Grid

Budget 2026, released November 5, commits more than $50 billion over coming decades to upgrade Canada's power grid, the wires that carry electricity. The Prime Minister and Finance Minister say the National Electricity Strategy aims to double Canada's power output. The government's grid goal is to double capacity by 2050. Priced plans are expected to total $2.4 billion this decade.