The $207-million investment is expected to create more than 150 jobs, and fill a gap in the province’s energy supply chain.

The partners say the plan will be anchored by a newly developed port in Sault Ste. Marie.

The government’s investment will support the development of a 112,000-square-foot multi-purpose facility.

Element5’s $107-million project will double production capacity and boost domestic supply of sustainable building materials for affordable housing.

The Bank of Canada signalled it will keep looking on a shorter horizon than usual as it tries to set monetary policy in a constantly shifting environment.