Michael Sabia said the decision to move ahead with $33-billion worth of hydro development along Newfoundland’s Churchill River is a rare example of Canadian provinces setting aside differences to ensure critical infrastructure projects get built. (The Globe and Mail)

Talking point: The premiers of Quebec and Newfoundland reached a memorandum of understanding last week to build two new hydro facilities and expand one existing facility in the Churchill Falls region, generating a total 9,190 megawatts of power. While the agreement still has to be finalized—provincial leaders want to close by April 30, 2026—the three projects are nonetheless “clear statements that Canada has the ability to do big things,” Sabia told The Globe and Mail in an interview. His comments come as industry groups have warned about Canada’s inability to develop natural resource projects, a failure that has crimped capital investment.