The federal and provincial governments along with Canadian tech company CAE (Canadian Aviation Electronics) have teamed up to invest about a billion dollars over five years into training and simulation technology.
CAE
Company is trying to "revolutionize the training of pilots, crews and
health professionals," it stated in a news release. This
Montreal-based company also plans to invest in training technology for health
care workers, defense and security contractors.
The
Quebec government will be contributing a $42.5-million loan and a grant of $5
million. The federal government has also committed $150 million to the
project and the rest of the funding is coming from CAE.
Prime
Minister Justin Trudeau said that the funding would go toward "creating
new specialized employment in Canada." This project is expected to create
around 335 jobs in Montreal, Quebec.
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