{"id":800700,"date":"2026-07-14T05:51:58","date_gmt":"2026-07-14T05:51:58","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/800700\/"},"modified":"2026-07-14T05:51:58","modified_gmt":"2026-07-14T05:51:58","slug":"1-more-canadian-stock-set-to-make-a-fortune-from-canadas-data-centre-buildout","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/800700\/","title":{"rendered":"1 More Canadian Stock Set to Make a Fortune From Canada’s Data Centre Buildout"},"content":{"rendered":"

Last week, I wrote an article covering one stock that was potentially set to make a fortune from Canada\u2019s data centre buildout. The stock was Brookfield Corp (TSX:BN<\/a>), and my main reason for believing it had the potential to make money from Canada\u2019s data centre buildout was because it had two subsidiaries directly involved in building and fuelling data centres: Brookfield Infrastructure Partners (TSX:BIP.UN<\/a>) and Brookfield Renewable Partners (TSX:BEP.UN<\/a>). BIP.UN invests in data centres, and BEP.UN makes billions fuelling them. Brookfield Corp owns substantial portions of both of those companies, so it seemed like a logical choice for a company set to make money off of Canada\u2019s data centre buildout.<\/p>\n

Now, before going any further, I should explain the situation involving data centres in Canada. Canada currently has about 337 data centres, giving it the fifth highest overall data centre density in the world. However, most estimates state that Canada only has between 5 and 30 of the \u201chyper-scale\u201d data centres invoking the term \u201cdata centre\u201d in today\u2019s AI-centric<\/a> discourse.<\/p>\n

The Data Centre Buildout<\/p>\n

That\u2019s about to change. There are currently plans underway to build an additional 96 data centres in Canada. Many of these are reported to be true, hyper-scale AI data centres. At least one of them is going to be built by Meta Platforms (NASDAQ:META<\/a>), the exact type of company that comes to mind when we hear the word \u201cdata centre.\u201d<\/p>\n

So, Canada\u2019s number of hyper-scale data centres is set to increase, and companies in the Brookfield universe are set to benefit from that. That was what I was thinking when I wrote my last article. However, after writing that article, a thought occurred to me: \u201cSure, Brookfield\u2019s a great company, but if a reader is looking for ways to profit off of data centres directly, they could get a purer play with one of its subsidiaries.\u201d So, in the ensuing paragraphs I\u2019ll explain which of Brookfield\u2019s daughter companies has the most to gain from Canada\u2019s data centre buildout.<\/p>\n

\"Abstract<\/p>\n

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Brookfield Renewable Partners<\/p>\n

I think that Brookfield Renewable Partners is the Brookfield company most likely to profit off of Canada\u2019s data centre buildout. Its exposure to data centres is more direct than that of its parent corp, and it\u2019s already supplying power to hyperscale data centres in the States. <\/p>\n

BEP.UN inked deals to supply power to Microsoft (NASDAQ:MSFT<\/a>) and Alphabet (NASDAQ:GOOG<\/a>) in recent years. This perfectly positioned Brookfield Renewable to supply power to Meta\u2019s upcoming data centre as well as likely similar future projects by Microsoft and Google, in Canada. Brookfield\u2019s Infrastructure subsidiary, on the other hand, seems to be targeting smaller clients. So, Brookfield Renewable Partners appears to be the best B-company to make money off the hyper-scale data centre buildout in Canada.<\/p>\n

Brookfield Renewable\u2019s historical results<\/p>\n

Over the last 10 years, Brookfield Renewable has delivered a 226% total return, vs about 170% for the TSX. It has been a pretty good run. Don\u2019t pay attention to the stock chart: most of the returns have come from dividends. Now, past results don\u2019t always predict future results, but this company\u2019s growth catalysts are clear. I think it\u2019s quite possible that BEP.UN will continue paying nice big dividends<\/a> for the foreseeable future.<\/p>\n","protected":false},"excerpt":{"rendered":"Last week, I wrote an article covering one stock that was potentially set to make a fortune from…\n","protected":false},"author":2,"featured_media":800701,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,44],"class_list":["post-800700","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-ca","tag-canada","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/800700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=800700"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/800700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/800701"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=800700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=800700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=800700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}