Freeland's green economy spending aimed at competing with U.S. Inflation Reduction Act
Freeland's green economy spending aimed at competing with U.S. Inflation Reduction Act
Finance Minister Chrystia Freeland says clean energy and green technology spending may not have been the big-ticket items of the 2023 federal budget if it weren’t for the need to compete with infrastructure spending in the United States.
After she tabled the budget in the House of Commons Tuesday, Freeland told CTV’s Power Play host Vassy Kapelos that her government has been “at this for a long time,” campaigning on “the economy and the environment going together.”
Still, she said she doesn’t think it would have invested in a clean economy at the scale of the 2023 budget if it weren’t for the need to compete with the Inflation Reduction Act, which offers billions of dollars in energy incentives south of the border.
“I don’t think we would have done as much, had the IRA not been introduced,” Freeland said, adding the Liberal government has been pushing for clean economy policies for years, and citing the carbon price as an example.
“It’s also true that the U.S. plan, the IRA, is a game changer,” she also said. “They have put a ton of money on the table, and it was really important for us, having been ahead in this race, not to fall behind.”
Freeland discusses the 2023 federal budget in the video at the top of this article.
A New Democrat MP is trying to convince his colleagues to change the rules that govern the House of Commons in a series of ways he says would instill 'democratic controls' on the prime minister's 'unfettered' powers.
Monday morning, the Public Service Alliance of Canada announced it had reached a 'tentative' agreement with the federal government for the 120,000 picketing Treasury Board workers who, since April 19, had been engaged in one of the largest strikes in Canadian history. Here's a rundown of the developments from Parliament Hill as they happened.
The House committee studying foreign election interference heard from top 2019 and 2021 Liberal and Conservative campaign directors on Tuesday, with party officials from both camps speaking about the need for politicians to come together to address any "legislative gaps" ahead of the next vote.
In the 2023 federal budget, the government is unveiling continued deficit spending targeted at Canadians' pocketbooks, public health care and the clean economy.
U.S President Joe Biden and Prime Minister Justin Trudeau have announced updates on a number of cross-border issues, after a day of meetings on Parliament Hill.
Special rapporteur David Johnston didn't recommend public inquiry knowing it was a pathetically insufficient response for a foreign democratic assault of this magnitude, writes Don Martin in an exclusive column for CTVNews.ca.
To frame a few new illustrations on pages tucked inside a passport as proof of a Liberal plot to purge the Canadian historical record seems like a severe stretch, writes Don Martin in an exclusive column for CTVNews.ca.
Public Safety Minister Marco Mendicino is a bright former federal prosecutor, who was destined to be a star in Justin Trudeau's cabinet. But in an opinion column on CTVNews.ca, Don Martin argues Mendicino has taken a stunning fall from grace, stumbling badly on important issues just 18 months into the job.
It's the most peculiar of elections with the frontrunner and her main opponent being the same person, writes columnist Don Martin. 'In the looming Alberta showdown, it's Premier Danielle Smith versus her mouth.'
Two billion carbon-absorbing trees to be planted by 2030 was the eye-catching Trudeau government promise from four years ago. But according to a new environment commissioner’s report, a mind-reeling list of failures makes it 'unlikely that the program will meet its objectives.'
Approximately 200 homes or structures have been damaged by the wildfire that began burning Sunday in the Upper Tantallon, N.S., area, according to preliminary estimates.
Carla White is the only remaining tenant in her building, which is slated to be demolished to make room for a 176-unit condo project. But in order to move forward, the developer must reach an agreement with White -- and she says she won't leave until she's provided with a home that offers the long-term stability she needs to ensure she won't end up back on the streets.
Opening a Registered Education Savings Plan (RESP) is a great way to fund your child’s future education. Personal finance contributor Christopher Liew outlines the contribution rules for RESPs and explains how to find out how much contribution room you have left so that you can avoid penalties.
A rare drone attack jolted Moscow early Tuesday, causing only light damage but forcing evacuations as residential buildings were struck in the Russian capital for the first time in the war against Ukraine. The Kremlin, meanwhile, pursued its relentless bombardment of Kyiv with a third assault on the city in 24 hours.
A 14-legged giant isopod is the highlight of a new dish at a ramen restaurant in Taipei and it has people queuing up—both for pictures and for a bite from this bowl of noodles.
China launched a new three-person crew for its orbiting space station on Tuesday, with an eye to putting astronauts on the moon before the end of the decade.
As Britain's prime minister, Boris Johnson established an independent inquiry into the government's handling of the COVID-19 pandemic. Now the inquiry wants to see, in full, what Johnson wrote to other U.K. officials as the outbreak raged -- but the government is fighting a demand to hand over the material.
Hundreds of people flocked to a small town in Missouri this week and last to see a Black nun whose body has barely decomposed since 2019. Some say it's a sign of holiness in Catholicism, while others say the lack of decomposition may not be as rare as people think.
Approximately 200 homes or structures have been damaged by the wildfire that began burning Sunday in the Upper Tantallon, N.S., area, according to preliminary estimates.
A former Ontario cabinet minister is suing the Canadian Security Intelligence Service and unidentified employees who he alleges leaked classified information with the intent of harming his reputation.
A Quebec driver who caused the death of another motorist when he swerved his truck to avoid hitting a family of ducks on the road has been sentenced to eight months in jail and a three-year driving ban.
A bus carrying Hindu pilgrims to a shrine in Indian-controlled Kashmir skidded off a highway bridge into a Himalayan gorge Tuesday, killing at least 10 people and injuring 55, police said.
Nine people were injured Monday evening when gunfire erupted along a beachside promenade in Hollywood, Florida, sending people frantically running for cover along the crowded beach on Memorial Day.
Hundreds of people flocked to a small town in Missouri this week and last to see a Black nun whose body has barely decomposed since 2019. Some say it's a sign of holiness in Catholicism, while others say the lack of decomposition may not be as rare as people think.
Japanese Prime Minister Fumio Kishida said Monday his son is resigning as his executive policy secretary to take responsibility for using the prime minister’s residence for a private party at which the merrymaking was exposed in magazine photos that triggered public outrage.
A prominent Pakistani television journalist who went missing last week, apparently because of his public support to former Prime Minister Imran Khan, returned home early Tuesday after being released by his captors, his family and his employer said.
The driver of vehicle with a sign indicating there was an explosive device on board led Maine State Police on a chase on Interstate 95 to the Canadian border on Monday, officials said.
NDP Leader Jagmeet Singh is pushing for special rapporteur David Johnston to 'step aside' from his role examining the issue of foreign interference before he embarks on public hearings.
Conservative Leader Pierre Poilievre has failed to persuade the House of Commons to condemn the Liberal government's approach to fighting drug addiction.
A raccoon in Maine was euthanized and tested for rabies after a woman brought it into a pet store for a nail trim and some customers kissed it, state wildlife authorities said.
Three national health organizations want Canada's premiers to push for initiatives to reduce smoking during settlement negotiations with major tobacco companies, years after provinces sued to recoup health-care costs.
The United Arab Emirates unveiled plans Monday to send a spaceship to explore the solar system's main asteroid belt, the latest space project by the oil-rich nation after it launched the successful Hope spacecraft to Mars in 2020.
A United Nations report from 2022 found wildfires are becoming "more intense and more frequent" and said with temperatures on the rise as global warming worsens, 'the need to reduce wildfire risk is more critical than ever.'
Artificial intelligence means everyone can now be a computer programmer as all they need to do is speak to the computer, Nvidia CEO Jensen Huang said on Monday, hailing the end of the 'digital divide.'
Quebec actor Michel Cote, who captivated audiences with his roles in the theatre piece 'Broue' and films such as 'Cruising Bar' and C.R.A.Z.Y.,' has died at 72.
George Maharis, a stage-trained actor with rough-hewn good looks who became an icon to American youth in the 1960s as he cruised the country in a Corvette convertible in the hit television series 'Route 66,' has died.
Asian shares were mixed in directionless trading Tuesday following a U.S. holiday, as optimism about a deal on the U.S. debt was dented by worries about the regional economy.
The discussions, which some companies call 'stay interviews,' are designed to collect feedback from employees and are aimed at learning what the company can do to retain valued team members and keep them happy.
Artificial intelligence means everyone can now be a computer programmer as all they need to do is speak to the computer, Nvidia CEO Jensen Huang said on Monday, hailing the end of the 'digital divide.'
Authors discuss their new book, 'Sorry, Sorry, Sorry: The Case for Good Apologies,' which aims to demystify the process of delivering honest apologies.
Animated movies are often a child’s first exposure to media and film. And the representation of people of color in media influences how they feel about race as they mature, a study by the non-profit Common Sense has found.
The Philadelphia 76ers went all-in with their NBA championship pursuit on Monday, selecting veteran Nick Nurse as their new coach to try to win the franchise's first title since 1983.
Fernando Alonso has five podiums in six races in a remarkable season for Aston Martin, yet still feels he's no closer to catching Red Bull's Max Verstappen. The two-time Formula One champions now head to a race with special significance for both of them.
Formula One champion Max Verstappen's lights-to-flag victory at the Monaco Grand gave the Red Bull driver his fourth victory of the season and a record 39th overall for the team as he extended his championship lead to 39 points over teammate Sergio Perez on Sunday.
A Tennessee company is refusing demands from U.S. regulators to recall millions of vehicles due to airbag inflators that can explode and shoot shrapnel into drivers. While cases are rare, there has been at least one death in Canada, where officials lack the authority to demand a similarly sweeping recall.
