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Toyota CDR (CAD Hedged)
Symbol TOYM
Shares Issued 150,000
Close 2026-02-17 C$ 13.45
Market Cap C$ 2,017,500
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Globe says Ford hears more EV charging ports planned

2026-02-18 08:22 ET - In the News

See In the News (C-F) Ford CDR (CAD Hedged)

The Globe and Mail reports in its Wednesday, Feb. 18, edition that Natural Resources Minister Tim Hodgson announced last week an $84-million plan to add 8,000 charging ports across the country. The Globe's Jeffrey Jones writes that this would be in addition to about 35,000 stations now in operation. The push is part of the Liberal government's strategy to spend $1.5-billion on EV infrastructure. On the charging front, the country was already well behind previous projections. Clean Energy Canada director of policy Joanna Kyriazis say uncertainty in Canadian EV policy last year caused a drop in charge-port installations and vehicle sales. She says: "Last year, we were one of the only countries in the world that saw EV sales decline. But now, the new auto strategy sent a very clear signal that we're all in on EVs and the federal government sees EVs as our future once again." LeadingAhead Energy president Maxime Charron says consistent policy messaging is crucial for EV adoption and the expansion of the charging network. Several other countries in Latin America and Asia have shown how it works. In Canada, Mr. Charron says drivers are holding off on buying the cars in the absence of that.

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