[8] In June that year, the SIF was the mechanism of support for the steel and aluminum industries of Canada when the Trump Administration placed customs duties on them.
[8] In October 2018, Canadian Minister of Innovation, Science and Economic Development, Navdeep Bains, announced that the SIF would invest C$49.3 million in General Fusion.
The firm said that the funds would permit it to begin the design, construction, and operation of its Fusion Demonstration Plant.
[10][11] On 20 March 2020, the Canadian government announced a plan to ramp up production of medical equipment, switching assembly lines to produce ventilators, masks, and other personal protective gear.
"[13][14] Recent projects of SIF, as of September 2021[update], include:[4] Primary sector of company in bold ("x") In the wake of the COVID-19 pandemic, the SIF was designated by the Canadian government in March 2020 to deliver the Medical Countermeasures (MCM) initiative and was given authority to invest $792 million to fund clinical trials and manufacturing capacity at scale.