Volta Energy Solutions, a unit of copper producer Solus Advanced Materials, will spend $750 million to start up a plant in Granby, Que., and hire 260 workers to make copper foil, a key input in semiconductors and EV batteries. A federal government press release did not say whether the venture would get federal funding, while Investissement Québec is loaning $150 million. (The Logic)
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Lululemon lays off 120 as it strikes deal with Peloton and pulls the plug on Mirror
Brookfield Asset Management partners with renewable energy fund on joint venture
Swedish battery startup Northvolt to spend at least $7B on new Quebec gigafactory
At All In conference, Canadian executives address angst over AI replacing jobs
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.