06/15/2026
Stefane Marion, chief economist at National Bank of Canada, hasn't been this optimistic about Canadian reindustrialization in more than a decade.
His case: Canada has a structural energy advantage that policy has kept it from using, and a recent federal change has opened the door.
Canadian businesses pay 60% less for electricity than the G7 average, and Canadian natural gas is among the cheapest in the world. Yet Canada has the smallest manufacturing sector in the G7, smaller than Ireland's. Whether the country acts on the opening is the harder question.
Rooted, CSV’s digital publication, sat down with Marion at the Spartan Controls Experience Industrial Innovation conference, and also heard from Nate Glubish, Alberta's Minister of Technology and Innovation. The province, he said, is months away from final investment decisions on gigawatt-scale projects, with data centre campuses among them.
CSV's future Gold Creek facility is designed to feed exactly that kind of build.
The plant would supply adjacent data centre campuses, recover sulphur for lithium and fertilizer supply chains, and ease Canada's reliance on U.S. condensate imports.
And a portion of revenue from the Gold Creek facility would go to a Creating Shared Value Fund, an arm's-length community committee model CSV’s Albright facility uses today, with money flowing to smaller rural and Indigenous communities further south.
🟢 🔵 Read the full piece by Sarah Coleman in Rooted: https://www.csvmidstream.com/rooted/one-of-canadas-top-economists-says-canada-has-a-window-now-to-rebuild-its-industrial-base/