Evening Update: Ottawa and Ontario set to announce multibillion-dollar Honda EV deal

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Premier Doug Ford said the investment will surpass other electric-vehicle deals such as with Volkswagen and Stellantis

that would see the company build a comprehensive electric-vehicle chain in the province, according to sources familiar with the project.

Speaking at a First Nations conference in Toronto this morning, Ontario Premier Doug Ford said the size of the investment will surpass other electric-vehicle deals in the province. The higher dollar figure will owe to Honda’s investment going much further across the supply chain than Volkswagen or Stellantis.

The sources say this Chinese institute used large-scale data analytics and artificial intelligence to create detailed profiles in 2022. There are fewer than 10 MPs of Chinese descent in Canada’s House of Commons. The operation to gather information on these MPs was first detected by the Communications Security Establishment, Canada’s secret signals intelligence agency, and shared with the Canadian Security Intelligence Service.

The S&P 500 gained 43.37 points to end at 5,010.60 points. The Nasdaq Composite gained 1.11%. The Dow Jones Industrial Average rose 0.67%. The Toronto Stock Exchange’s S&P/TSX composite index ended up 64.59 points at 21,871.96, its fourth straight day of gains after it hit a near six-week low last Tuesday.

 

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