GZERO North
Lame-duck Trudeau announces high-speed rail
Prime Minister Justin Trudeau speaks at the Invictus Games in Vancouver on Feb. 16, 2025.
Dutch Press Photo via Reuters
The Liberals say the 1,000-kilometre (620-mile) project would produce 51,000 jobs, boost GDP by up to $35 billion, and shorten the travel time from Montreal to Toronto to three hours, about half the time it takes to drive.
Canadians have often studied a high-speed link in the Quebec-Toronto corridor, the most densely populated part of the country, but have been dissuaded from actually building because of the price tag, which is estimated at being at least $65 billion.
It is too early to answer many specific questions, said Martin Imbleau, the president of the consortium that won the design contract. “We’re going to take our time, properly develop the project, look at the different phases, and in four or five years, we’ll know what we’re building.”
There are reasons to be skeptical, but it is not out of the realm of the possible. “This investment in Canadians, which starts right now, is going to be very difficult to turn back on,” Trudeau said.
The Conservatives, who are generally keener on private cars, would likely not find it hard to cancel the project if they win an election this spring, but a Liberal government might have good political reasons to proceed since the tracks would run through the most reliably Liberal-voting parts of the country.
100 million: The number of people expected to watch the Super Bowl halftime performance with Bad Bunny, the Puerto Rican superstar and newly minted Album of the Year winner at the Grammys.
Think you know what's going on around the world? Here's your chance to prove it.
An imminent US airstrike on iran is not only possible, it's probable.
Americans are moving less — and renting more. Cooling migration and rising vacancy rates, especially across the Sunbelt, have flattened rent growth and given renters new leverage. For many lower-income households, that relief is beginning to show up in discretionary spending. Explore what's changing in US housing by subscribing to Bank of America Institute.