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Ottawa finally matches C$1B Ring of Fire funds

Ottawa has pledged up to C$1 billion ($712 million) to help build roads into Ontario’s Ring of Fire, backing a long-delayed route to undeveloped critical mineral deposits. The three-year commitment, announced Wednesday by Prime Minister Mark Carney and Ontario Premier Doug Ford, matches the province’s long standing billion-dollar pledge. The road network would connect remote First Nations and mineral deposits in the James Bay Lowlands, about 500 km northeast of Thunder Bay, to Ontario’s highway system. “Working in partnership to protect Canadian workers, Ontario and Canada are fortifying our industrial base and securing the good-paying jobs of the future,” Ford said in a joint statement.

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