High-speed internet access is more essential than ever to keep Canadians connected. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, highlighted that the Canada Infrastructure Bank (CIB) has invested more than $2 billion in eight internet service providers. This investment is supporting high-speed internet projects, connecting 430,000 more rural and remote Canadians households.

Through the CIB’s partnerships with Canadian internet service providers and public sector partners, this $2 billion investment is already expanding and accelerating the deployment of high-speed internet in unserved and underserved communities across Canada.

The CIB’s partnerships are connecting Indigenous, rural, and remote regions to high-speed internet services which would otherwise not be commercially viable due to the high cost of connection per household in these areas. The lack of required infrastructure and low population density often mean high-speed expansion is financially unfeasible for rural and remote communities.

The federal government is building a fairer Canada, where every generation can reach their full potential-and high-speed internet access is essential to participate in today’s digital economy.

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