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flag Canada plans $2B in funding to boost domestic refining of critical minerals for economic and defence security.

flag Finance Minister François-Philippe Champagne declared refining critical minerals like titanium essential to Canada’s economic and defence future, calling it “the name of the game” as global demand rises. flag He emphasized the need to move beyond exporting raw materials and build domestic refining capacity, backed by a $2-billion sovereign fund over five years for equity investments, loan guarantees, and offtake agreements. flag The federal budget signals a shift toward supporting both conventional and clean energy, with officials welcoming potential removal of a cap on industrial carbon emissions as a boost for investment.

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