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GE Vernova CDR (CAD Hedged)
Symbol GEV
Shares Issued 450,000
Close 2025-11-06 C$ 37.83
Market Cap C$ 17,023,500
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NP says Ontario needs to make deals like GE Vernova

2025-11-07 07:31 ET - In the News

Also In the News (C-HTCI) Hitachi CDR (CAD Hedged)

The National Post reports in its Friday edition that Ontario is pitching nuclear reactors as a sign of economic leadership and a creator of export potential. The Post's Randal Denley writes that if you look at the fine print, though, what Ontario hopes to export is the know-how acquired through building the reactors. Provincially owned Ontario Power Generation already has a small-nuclear-reactor (SMR) deal with a company in Poland to provide services such as project management and advisory support. That is something, at least. But the technology is owned by an American-based company called GE Vernova Hitachi Nuclear Energy. The firm is nailing down deals around the world. Ontario is just a customer hoping to win some consulting contracts. This is particularly painful because Ontario used to be a leader in nuclear technology. If Canada is to have a manufacturing future, Ontario has to step up. The province produces about 45 per cent of Canadian manufacturing, but too much of it rests on a wobbly base of government subsidies and government guesswork about where to "invest" the public's money. Rather than putting money into the hands of every foreign company that shows up, Ontario needs a strategic approach.

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