The corporate plan is a critical tool for aligning the investment activities of the CIB with the priorities of the Government of Canada.
In January, we received a new statement of priorities and accountabilities that sets new long-term sector targets for the CIB and aligns our sectors with the priorities of the Government of Canada.
It established a $15-billion target for investments in the trade and transportation sector in order to expand and diversify our trade, ensuring that Canada and Canadian firms have access to global markets.
It set a $20-billion target for clean energy investments—things like the power projects I talked about, as well as investments in hydrogen, clean fuels and the expansion of electric vehicle charging across the country.
It set a $5-billion target for investments in AI and digital infrastructure.
It also set a $10-billion target for investments that support new housing development. Think about things like installing water pipes at major development sites to make sure municipal infrastructure can be built ahead of housing, or our investment in things like the REM project in Montreal, which helps connect downtown Montreal to neighbourhoods across the greater Montreal area. You're really seeing the expansion of new housing along that line.
It encouraged us to look at investments in the Arctic—we've mentioned several of those today—and increase our indigenous target to $3 billion, as my colleague Mr. Duguay mentioned.
That's the 2025-26 corporate plan tabled in Parliament earlier this month. Our 2026-27 corporate plan, which was approved just last week, reflects the shifting of the CIB's investment priorities towards the priorities of the Government of Canada.