The first stage of the policy, which is now in effect, requires that contracts valued at $25 million or more prioritize Canadian businesses and materials.

Annual inflation rose 2.2 per cent in November, unchanged from the previous month and a tick below economists' expectations.

The plan aims to double the current 13 million people who visit Niagara Falls and area annually.

The company plans to launch a new office in Toronto, and to scale up its semiconductor research and development operations in Ottawa and York Region.

The segment would be about 200 kilometres long and construction would begin in 2029.