Bruce Power is launching Unit 4 Major Component Replacement (MCR). It is the middle portion of the larger effort to extend the nuclear facility’s lifespan by decades.
The $13-billion project, one of Canada’s largest infrastructure undertakings, leverages lessons learned, new technologies like robotic tooling, and a highly skilled workforce to enhance cost and schedule efficiency with each successive unit renewal.
The program sustains 22,000 direct and indirect jobs annually, injecting $4 billion into Ontario’s economy, particularly benefiting communities in the Clean Energy Frontier region of Bruce, Grey, and Huron counties.
The Whole Story:
Bruce Power is kicking off the Unit 4 Major Component Replacement (MCR) over the weekend as part of its Life-Extension Program.
The Unit 4 outage represents the middle of the company’s MCR Project that will see Units 3-8 renewed to provide clean, reliable energy for provinces people, businesses and hospitals for decades to come, while also ensuring a dependable source of cancer-fighting medical isotopes to the world health-care community.
The three-year Unit 4 outage is the company’s third MCR, building off the successes in Units 6 and 3 projects, with seasoned tradespeople leveraging lessons learned and new, innovative technology.
“Our Life-Extension Program and Major Component Replacement is more than a construction project,” said Eric Chassard, Bruce Power President and Chief Executive Officer. “By completing each of the MCR outages safely, on plan, and to a high-quality standard, we are securing the future of the Bruce site, sustaining our communities, and powering Ontario through a time when electricity demand is growing rapidly.”
The Unit 3 MCR, which began in March of 2023, continues to progress on plan and on schedule with a return-to-service date for the renewed unit on the horizon for 2026. Overlapping MCR outages will continue on the Bruce site until 2033, including a magnitude of work on that no other utility in the world has faced.
Bruce Power’s $13-billion refurbishment is Canada’s third largest infrastructure project (behind British Columbia’s Peace River Site C hydroelectric project, and Ontario’s Go transit expansion), and is Ontario’s largest clean-energy infrastructure project. Bruce Power’s Life Extension is unique in that it’s being funded through private investment.
“To execute a project of this scale and complexity, it takes an ecosystem of nuclear professionals working togethertoward a common goal,” said Laurent Seigle, Bruce Power’s Executive Vice-President, Projects. “We’re committed to returning these units to service safely and successfully to meet Ontario’s clean energy needs well into the future.”
Officials say innovative new tooling implemented in the Unit 3 MCR outage, including the first robotic tooling used on a reactor face anywhere in the world, has ensured the tradespeople can return the units to service safely, successfully and on schedule.
“Under our contract with the IESO, subsequent MCRs are expected to improve on cost and schedule by building on lessons learned and experience,” said Rob Hoare, Vice-President, MCR Execution. “And we’re seeing that happen in real time on this project. Evolutions that were recently completed on Unit 3 have been assessed and improved on for execution in Unit 4. It’s a testament to the world-class team we have and their commitment to continuous learning, proficiency and excellence.”
Bruce Power currently produces 6,550 megawatts (MW) of peak clean energy and that output will increase to more than 7,000 MW in the 2030s, following the completion of the MCR program and other Life-Extension projects.
The Life-Extension Program and MCR Projects will extend the operational life of each reactor by 30 to 35 years.
The program and ongoing site operations are expected to create and sustain 22,000 direct and indirect jobs annually and contribute approximately $4 billion in annual economic benefits in communities throughout the province, particularly in the Clean Energy Frontier region of Bruce, Grey and Huron counties.
Key Takeaways:
DEEP Earth Energy Production Corp. is partnering with SLB to develop Canada’s first next-generation geothermal project in southeast Saskatchewan, aiming to generate up to 30 MW of emissions-free, baseload power.
The project will use advanced horizontal drilling and production enhancement technologies adapted from the oil & gas industry to overcome economic and technical barriers that have historically hindered geothermal development in Canada.
This collaboration seeks to create a scalable model for future geothermal projects by integrating subsurface and surface technologies, reducing project risk, and accelerating the transition to sustainable energy.
The Whole Story:
DEEP Earth Energy Production Corp. has announced a strategic collaboration with global energy technology company SLB to drive the development of Canada’s first next-generation geothermal project, located in southeast Saskatchewan.
With the feasibility phase now complete, the project is poised to produce up to approximately 30 MW of emissions-free, baseload power on completion of its initial two phases — marking a major milestone for geothermal energy in Canada.
DEEP officials explained that despite Canada’s vast geothermal potential, the resource has remained largely untapped due to economic and technical challenges tied to conventional extraction methods. DEEP’s geothermal project will leverage proven approaches from conventional field development in oil & gas, to deploy advanced horizontal drilling techniques to access some of the most productive zones in the formation, as well as production enhancement technologies to optimize output of geothermal energy generation. This methodology, supported by SLB’s global expertise in geothermal technology, represents a first-of-its-kind application for geothermal development in Canada.
“We are thrilled to welcome SLB as a key partner in this transformative project, which also includes Ormat as part of an integrated geothermal asset development model,” said Kirsten Marcia, president and chief executive officer for DEEP. “By joining forces, we are developing our asset in a streamlined fashion, combining the best of subsurface and surface technologies, while maximizing efficiencies, operations, and ultimately, power output. With this approach, we hope to establish a blueprint for the development of additional commercial geothermal projects in Canada. This project is not only a major step forward for our company, but also should represent a meaningful contribution to Canada’s goals to reduce emissions and secure local energy resources.”
As a part of the collaboration between DEEP and SLB on this project, SLB will provide engineering design and integrated well construction services for phases one and two of the project, including the development of two production and two injection wells in phase one and up to 18 wells in phase two. The innovative approach aims to leverage the natural permeability of the sedimentary rock formation and enable the reliable, cost-efficient, and more sustainable production of geothermal energy.
“This collaboration with DEEP reflects our commitment to broadening the adoption of geothermal by reducing project risk and accelerating the time to first power,” said Irlan Amir, vice president of Renewables and Energy Efficiency, SLB. “The project’s innovative engineering design and integrated asset development model brings together developers, technology providers and infrastructure partners to open new frontiers for geothermal power generation in Canada and beyond.”
After months of threats, U.S. President Donald Trump may (or may not) implement 25% tariffs on all most Canadian goods (oil would recieve a 10% tariff).
First, they were supposed to go into effect on day one of Trump’s presidency. And then they were scheduled for Feb. 1st. Then they were scheduled for Feb. 4. At the time this article is being written, Trump announced the tariffs would be delayed for at least 30 days after speaking with Prime Minister Justin Trudeau.
“The Tariffs announced on Saturday will be paused for a 30 day period to see whether or not a final Economic deal with Canada can be structured,” Trump wrote on Truth Social.
What does he want from Canada?
It’s not totally clear what Trump hopes to accomplish, but the common theme is a feeling of being treated unfairly. Officially, he and his team have claimed that it is in response to lax borders and drug smuggling.
In his executive order to implement the tariffs, Trump said this: “the sustained influx of illicit opioids and other drugs has profound consequences on our Nation, endangering lives and putting a severe strain on our healthcare system, public services, and communities.”
But a day later he posted this on social media: “We pay hundreds of Billions of Dollars to SUBSIDIZE Canada. Why? There is no reason. We don’t need anything they have. We have unlimited Energy, should make our own Cars, and have more Lumber than we can ever use. Without this massive subsidy, Canada ceases to exist as a viable Country. Harsh but true!”
He’s also said many times that Canada should be annexed by the U.S. as its 51st state and called Prime Minister Justin Trudeau its governor. Whether or not this is meant to be taken literally is anyone’s guess.
Despite provincial and national efforts to address some of these concerns or explain the realities of North American trade, Trump has said there is nothing Canada can do right now to avoid tariffs. He also denied using tariffs as a negotiating tactic to secure borders and that they were “purely” economical.
However, based on his decision to delay or halt tariffs in other countries recently, it appears Trump is open to negotiation. What it would take to get him to stop these tariffs in Canada, remains to be seen.
Does he have a point?
When it comes to toxic drugs and immigration, the government of Canada says less than 1% of the fentanyl and illegal crossings into the United States come from Canada. Despite Canada promising more than $1 billion to secure borders, Trump says it’s not enough to avoid the tariffs.
Trade is more complicated, but economists agree that it is not clear what data Trump is referencing and analyzing our trade relationship requires more nuance.
According to TD Canada, Canada is the largest export market for the U.S. and makes up one of the smallest trade deficits, owing largely to U.S. demand for energy-related products.
“With respect to Trump’s assertion that the U.S. subsidizes Canada to the tune of US$200 billion per year, it’s unclear where this number is derived,” said TD economists. “In any event, rather than a subsidy, the U.S. trade deficit is a by-product of U.S. economic outperformance relative to other countries.”
While Canada does have a trade surplus with the United States, it’s due almost entirely to oil and gas purchased by the U.S. Last year, Canadian exports of energy products (oil, natural gas, power) to the U.S amounted to nearly $170 billion, or almost 1/3 of total shipments. In contrast, energy accounted for only 6% of all U.S. imports. Put simply, Canadian sources are critical to U.S. energy security.
Remove Canadian energy exports from the equation and the trade story flips. Ex-energy, the U.S. enjoys a trade surplus with Canada of around C$60 billion (US$45 billion).
What does it mean for builders?
It’s clear that vast chunks of both economies will be impacted, including the construction sector.
“Virtually all economists think that the impact of the tariffs will be very bad for America and for the world,” said Joseph Stiglitz, an economics professor at Columbia University and a winner of the Nobel prize in economic sciences. “They will almost surely be inflationary.”
Homebuilding, one of Canada’s biggest pressing issues, is facing substantial disruption.
“Ontario’s residential construction industry, like many others across the country, are bracing for the impact of the tariffs,” says RESCON president Richard Lyall. “The residential construction industry is already challenged. The move is reckless and will cause economic hardship in both the U.S. and Canada, affecting tens of billions of dollars of trade in construction materials alone. Such levies will only increase costs and lead to a further slowdown in residential construction activity which will exacerbate an already dire housing affordability crisis.”
He explained that the present situation is a much more significant event than the tariffs that were imposed by the previous Trump administration in March 2018 on certain imports of steel and aluminum from Canada. Canada responded by imposing countermeasures against $16.6 billion of steel aluminum and other products from the U.S. Both countries lifted their tariffs in May 2019.
“No one will benefit from an arbitrary increase in material and product prices. Our countries and supply chains are intertwined and dependent on each other, so nobody wins in a tariff war,” says Lyall.
Canada and Mexico account for nearly 25% of building materials imported into the U.S. Roughly 30% of the lumber used in the U.S. is imported and more than 85% of the imports come from Canada, according to the National Association of Home Builders. Canada is also the largest foreign supplier of steel and a major supplier of aluminum to the U.S., both of which are essential for residential construction. Meanwhile, the U.S. also imports other materials from Canada such as cement, cement products and gypsum used for drywall.
Groups like the Calgary Construction Association believe there could serious consequences beyond just homebuilding, including contractors disengaging from projects or choosing not to bid on essential infrastructure like schools and public facilities. It could also result in owners delaying or postponing projects, causing economic momentum to stall. And provincial leaders have said the tariffs will likely result in hundreds of thousands of people losing their jobs.
“Even if projects return post-tariffs, costs could still escalate, making them more expensive and difficult to complete,” said the group.
The Canadian Construction Association (CCA) recommended proactive measures. For existing contracts, businesses should review their agreements for provisions on price adjustments due to changes in taxes and customs duties, noting that contracts without such provisions may leave contractors liable for increased costs.
For new contracts, the association advises raising tariff concerns early, including duty provisions, and referencing standard industry wording. Contractors may have grounds for cost recovery due to unforeseen expenses or project delays, though this can be challenging without clear contractual provisions.
For some specific industries it could all but wipe them out. Steel officials say the the tariffs as well as Canada’s retaliation is a “doomsday scenario” for them as 99% of Canadian steel exports go to the U.S.
What is Canada doing about it?
Trudeau announced he would impose tariffs on $30 billion worth of imported U.S. goods as soon as Trump’s tariffs begin. A list of these goods includes wood products such as engineered structural timber, plywood, veneering sheets, particleboard, fibreboard, panels, shingles, shakes, posts, and beams.
Also listed are plastic floor, wall, and ceiling coverings; carpets and other textile floor coverings; lavatory fittings; doors, thresholds, windows, frames, shutters, and blinds; large reservoirs, tanks, vats, and other builders’ ware; luminaires and lighting fixtures; as well as furniture and its components.
These tariffs apply only to goods originating from the U.S. They do not affect goods already in transit to Canada as of February 4.
He announced the government also intends to impose tariffs on an additional list of imported U.S. goods worth $125 billion, including steel and vehicles. However these would be subject to a public comment period prior to implementation.
But where it gets more interesting is at the provincial level. Ontario Premier Doug Ford plans to ban all American companies from provincial contracts until U.S. tariffs on Canadian goods are removed. He has already shredded a $100-million contract with SpaceX to deliver high speed internet to remote areas.
In Alberta, Premier Danielle smith called on the federal government and other provinces to “immediately commence a national effort to fast track and build oil and gas pipelines to the east and west coasts of Canada, construct multiple LNG terminals on each coast, increase internal refining capacity, unleash the development of critical minerals, lower taxes, reduce red tape, tear down interprovincial trade barriers and re-empower provinces to develop our unique economies without constant federal interference and imposition of anti-resource development laws.”
Premier David Eby announced he is assessing private-sector projects worth $20 billion with the goal of getting them approved as quickly as possible, and issuing their permits faster. These are expected to create 6,000 jobs in remote and rural communities. In addition, the Province has vowed to support and help implement the actions being taken by the federal government.
“We won’t back down or be bullied into becoming another state,” said Premier Eby. “Our province is unified and resolute. We’ll never stop standing up for B.C. and Canada.”
Government leaders also strongly encouraged people to purchase Canadian products when possible.
B.C. Premier David Eby tours the PKM Canada Marine Terminal.
Key Takeaways:
The Canada Infrastructure Bank is providing a $60.7 million loan to support the Metlakatla Development Corporation and Prince Rupert Port Authority in developing the South Kaien Import Logistics Park, aligning with Metlakatla’s long-term vision for regional growth.
The project will expand Prince Rupert’s import and transloading capabilities, with private sector investment expected to build infrastructure for handling up to 100,000 TEUs of cargo, strengthening Canada’s trade gateway to the Asia-Pacific.
The initiative will create direct and indirect job opportunities, particularly for Indigenous communities, while also supporting infrastructure development within the CIB’s Trade & Transportation priority sector.
The Whole Story:
The Canada Infrastructure Bank (CIB) has reached financial close on a $60.7 million loan to help the Metlakatla Development Corporation (MDC) and the Prince Rupert Port Authority develop the Indigenous-led South Kaien Import Logistics Park in B.C.
Funding comes from the CIB’s Indigenous Community Infrastructure Initiative (ICII) and will be used for site infrastructure needed to develop 56 acres of flat, serviced land in proximity to Fairview Terminal, CN Rail and the recently announced CANXPORT facility.
More than half of the logistics park is leased for a logistics and warehousing complex which significantly expands and strengthens import transloading and related capabilities at the Port of Prince Rupert. The remaining 23 acres are available for lease.
Most of the site preparation work is expected to be completed within two years and relates to heavy civil construction, land removal and levelling bedrock.
A subsequent phase will see private sector investment build transloading and warehousing infrastructure. This will create approximately 100,000 twenty-foot-equivalent units of capacity to transload marine containers into domestic 53-foot containers.
Officials stated that this project is part of Metlakatla’s long-term vision for enabling regional growth and benefiting the next generation of its members.
They noted that it also provides the ancillary benefits of creating and sustaining direct and indirect jobs and training opportunities for Metlakatla members and other Indigenous people in the Prince Rupert region – many of whom are already employed within the trade corridor.
The investment is the CIB’s second in a port. In May, CIB announced a $150-million loan to help build the CANXPORT export logistics hub at another site at the Port of Prince Rupert.
Funded through ICII, the project is within CIB’s Trade & Transportation priority sector, which is dedicated to addressing financing gaps in new projects such as ports, freight highways, roads, bridges, tunnels and passenger rail.
The Port of Prince Rupert is a critical Canadian trade gateway that ships a diversified portfolio of cargoes through several intermodal, dry bulk and liquid bulk terminals. The Port is the closest North American west coast port to Asia-Pacific markets. The Port is also the deepest natural harbour in North America, is ice-free year-round, and is able to accommodate the largest vessels in the shipping trade.
Key Takeaways:
B.C. is fast-tracking $20 billion in private-sector projects to boost the economy and counteract the negative impacts of U.S. tariffs, with an expected 6,000 new jobs in rural and remote areas.
The province’s strategy includes retaliatory measures and outreach to U.S. policymakers, economic strengthening through expedited projects, and diversification of trade to reduce reliance on the U.S. market.
A new trade and economic security task force, along with a cabinet-level “war room,” will oversee a unified government approach to protecting B.C.’s economy, businesses, and workers.
The Whole Story:
B.C. and Alberta have announed plans to speed up large private sector projects as part of its response to large U.S. tariffs.
In Alberta, Premier Danielle smith called on the federal government and other provinces to “immediately commence a national effort to fast track and build oil and gas pipelines to the east and west coasts of Canada, construct multiple LNG terminals on each coast, increase internal refining capacity, unleash the development of critical minerals, lower taxes, reduce red tape, tear down interprovincial trade barriers and re-empower provinces to develop our unique economies without constant federal interference and imposition of anti-resource development laws.”
Premier David Eby announced he is assessing private-sector projects worth $20 billion with the goal of getting them approved as quickly as possible, and issuing their permits faster. These are expected to create 6,000 jobs in remote and rural communities. In addition, the Province has vowed to support and help implement the actions being taken by the federal government.
Premier Eby added that additional measures are under consideration by B.C. and could be introduced in the coming days and weeks.
“We won’t back down or be bullied into becoming another state,” said Premier Eby. “Our province is unified and resolute. We’ll never stop standing up for B.C. and Canada.”
In January 2025, B.C. released its preliminary assessment of 25% tariffs. That analysis showed that B.C. could see a cumulative loss of $69 billion in economic activity between 2025 and 2028, along with the loss of more than 120,000 jobs. Estimates also indicated 25% tariffs on Canadian mineral exports alone will cost American companies over US$11 billion and have a profound effect on the U.S. defense industry, energy production, and manufacturing.
The B.C. government says it has a three-point approach to fight back against the tariffs:
respond to U.S. tariffs with tough counter-actions and outreach to American decision-makers;
strengthen B.C.’s economy by expediting projects and supporting industry and workers; and
diversify trade markets for products so British Columbia is less reliant on U.S. markets and customers.
To support B.C.’s strong tariff response and ensure actions are swift, responsive and co-ordinated, Premier Eby has established a trade and economic security task force to bring together business, labour and Indigenous leadership. The task force is co-chaired by Tamara Vrooman from the Vancouver International Airport, Jonathan Price from Teck, Bridgitte Anderson from the Greater Vancouver Board of Trade, and includes B.C.’s largest business organizations.
A new cabinet committee will act as a day-to-day war room, co-ordinating the whole-of-government approach the Province is taking to protect B.C.’s workers, businesses and economy.
According to the province:
54% of BC exports in 2023 were sent to the United States;
Wood, pulp and paper, metallic mineral and energy products combined make up approximately 67% of total goods exports.
The top five states for B.C.’s exports were: Washington ($9.8 billion), California ($3.2 billion), Illinois ($2.1 billion), Texas ($1.5 billion), Oregon ($1.3 billion)
