With global electricity demand projected to rise 25% by 2030, Canada’s uranium reserves position it as a potential leader in the nuclear energy sector. Recent U.S.-Canada deals, including an $80 billion agreement involving Cameco and Westinghouse, raise concerns about Canada’s nuclear sovereignty and reliance on U.S. technology. While some experts see long-term strategic advantages, others warn of increased vulnerability to U.S. policy shifts. Additionally, Canada’s investment in Small Modular Reactors (SMRs) complicates its energy independence due to a reliance on foreign enriched uranium suppliers.
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