Skip to content
Back to Guavy Wire
Forex

Canada Unlocks New Clean Power and Transmission with Churchill Falls Deal

Instruments
CAD
Share

The Canadian government has announced an agreement between Quebec, Newfoundland and Labrador, and itself to unlock new clean power and transmission in Canada's economy. This deal is a major step towards meeting the Prime Minister's commitment to doubling the size of Canada's electricity grids and electrifying more of the national economy.

Rick Smith, President of the Canadian Climate Institute, praised the agreement, stating that it demonstrates the level of ambition needed to reach Canada's goal. He noted that this is the scale of clean energy ambition necessary across the country to meet the Prime Minister's commitment.

The new agreement will bring much-needed investment certainty for the Churchill Falls and Gull Island hydroprojects and spur substantial new onshore wind power projects in Newfoundland and Labrador. It will also improve energy security and affordability, while driving down emissions.

More on Forex

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc