Carney pitches plan to double Canada's electricity generation for AI data centers

Canada's Finance Minister Mark Carney outlined a national strategy to double electricity generation capacity, citing AI data center growth as a primary driver. The plan targets infrastructure investment to meet projected 10-20 GW demand over the next decade as hyperscalers establish Canadian cloud footprints.

The proposal underscores global power-constrained economics in AI infrastructure—hyperscalers are increasingly negotiating with governments for bulk power commitments as baseline for data center siting. Carney's plan signals Canada's positioning to compete with other North American jurisdictions for hyperscale investment.