The facility, which will be the first of its kind in Canada, will sequester carbon dioxide from cement kilns and turn it into low-carbon supplementary cementitious materials.

Governor Tiff Macklem said the economy is showing “some resilience” so far, but he also opened the door to lowering rates if growth slows more sharply.

Piccini says the province plans to keep building as it continues its infrastructure push, with numerous highway, hospital and long-term care projects in the works.

In separate announcements, it committed the funding for 11 projects, including the Valley East Twin Pad Multipurpose Sports Complex in Greater Sudbury.

The latest edition of the Main Street Quarterly report finds that GDP growth fell 0.8% in Q2 and is expected to decline further by 0.8% in Q3.