Canada invests C$4.7B for VIA Rail cars

Prime Minister Mark Carney announced a C$4.7 billion investment to build new VIA Rail passenger cars domestically. The project aims to support nearly 700 jobs in Ontario and Quebec amid ongoing U.S. trade tensions.

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FILE PHOTO: A VIA Rail train arrives at a station in Ottawa, Ontario, Canada October 6, 2021. REUTERS/Patrick Doyle/File Photo

Canada will invest C$4.7 billion ($3.41 billion) to build 313 new passenger cars domestically, marking the first domestic production in four decades. The federal push aims to support nearly 700 regional jobs across Ontario and Quebec. The domestic manufacturing initiative arrives against a backdrop of escalating trade tensions with the United States.

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