OTTAWA — A looming recession and Canada’s need to keep up with the United States on clean energy investments will be front and centre next week when Finance…
Freeland has already warned not to expect big money to help Canadians cope with lingering inflation, stressing in recent weeks that would just further fuel inflation.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Natural Resources Minister Jonathan Wilkinson shed more light on what that might look like in a speech in Toronto on Wednesday. The legislation’s tax incentives for hydrogen power production, critical minerals and battery manufacturing are among Canada’s biggest concerns, he said. On top of competing for investments, there are concerns that there are only so many skilled workers and supplies to get the projects going and that Canada will find itself at the back of line if its investments don’t keep pace.Article content
Carbon capture is the main way Canadian oil and gas producers will meet their emissions targets and regulations, though environment groups warn the technology is still unproven on large scales.Article content Randall Bartlett, senior director of Canadian economics at Desjardins, said he expects the government to stick to its commitment on fiscal discipline given the current economic climate.
“The focus now should be on fiscal prudence to ensure the central bank can bring inflation back to its mandated target range,” Asselin said in a statement.Article content
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