The provincial government has introduced legislation for a proposed fund that would let it invest in private-sector projects through equity investments, loans and other means. (The Logic)

Talking point: The move looks to lessen the province’s reliance on the U.S. and provide a way for it to share in projects’ success, which is currently limited, as it can only offer grants. The fund would prioritize co-investing in projects that could secure some of the federal funding up for grabs under the new Defence Industrial Strategy, among some other areas. The province has also thrown its name in the ring for hosting a new defence bank, saying its major port; strengths in technologies including AI, quantum and aerospace; and physical location make it a great choice.