, Freeland said without providing details, though she also promised fiscal restraint in the face of high inflation.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.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 or any newsletter. Postmedia Network Inc.
Countries across the globe are trying to take advantage of a rapid shift to low-carbon energy, and the passage in the United States of the Inflation Reduction Act last year provides massive incentives for those who invest there. Canada has limited financial firepower compared with what the United States put forward in the IRA, which many experts say will lead to more than $1 trillion in investment, so it is going to focus on increasing the capacity of the electricity grid, on battery manufacturing and on mass timber construction.Article content
“From clean energy, to clean technology, to battery manufacturing, to electric vehicles, we can become a global leader in the growing clean economy,” she said in her speech. “We can create hundreds of thousands of good, middle class jobs.” Freeland also said there would be targeted inflation relief for the “most vulnerable” Canadians. Inflation slowed to 5.9 per cent in January, still almost three times the Bank of Canada’s target.Recommended from Editorial
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