Latest News & Announcements

Clarington, ON – Canada Growth Fund Inc. (CGF) and Building Ontario Fund (BOF) today announced an equity commitment agreement to finance the Small Modular Reactors (SMR) project to be constructed at the Darlington New Nuclear Project (the DNNP or the Project), which will be majority owned and operated by Ontario Power Generation Inc. (OPG). Through this agreement, CGF and BOF have committed to invest up to $2 billion and $1 billion, respectively, each taking minority ownership positions in the Project.

TORONTO – The Building Ontario Fund (BOF) has reached financial close on an agreement with Arch Corporation (Arch) that bundles four loans to redevelop and expand long-term care (LTC) homes in smaller communities in Ontario. Manulife financed the project in partnership with BOF to help accelerate priority infrastructure development in the province.

TORONTO — In today’s 2025 Ontario Budget, the Ontario government announced two significant actions to accelerate and catalyze infrastructure investment across the province through the Building Ontario Fund (BOF).

TORONTO – The Building Ontario Fund has entered into an agreement in principle with Arch Corporation (Arch) to finance four new and redeveloped long-term care homes in rural communities across the province. The homes will be located in Amherstburg, Lancaster, Prescott, and Tay Valley Township.

TORONTO– The Building Ontario Fund has entered into an agreement in principle with The Rekai Centres to finance Rekai Centre at Cherry Place, a new not-for-profit long-term care home for 348 residents in a high-needs downtown Toronto community. Consistent with the Building Ontario Fund’s requirement to invest alongside external capital, The Rekai Centres has also reached an agreement in principle to receive financing from a major Canadian bank

TORONTO – The Building Ontario Fund Board of Directors is pleased to announce the appointment of Michael Fedchyshyn as its inaugural Chief Executive Officer, effective November 12.