Oilsands executives insist they are all in on cutting emissions and will make big investments in green technology, but they maintain there isn’t a place to invest that money yet. Many companies are coming off a year of windfall profits not because they pumped out more product, but because the war in Ukraine and global supply chain crunches pushed world oil prices way up.
Prime Minister Justin Trudeau and Canada’s premiers will meet in Ottawa next month in a bid to find a new funding deal for health care. Two federal sources say Trudeau will announce the meeting this morning. The prime minister and his cabinet are on the third and final day of a retreat in Hamilton, Ont. ahead of the return of Parliament next week.
The Bank of Canada is expected to announce yet another interest hike on Wednesday, and economists are hoping that it will be the last one for a while, with some warning it could be a step closer to recession as Canada tries to balance the need to fight inflation with the growing pressure on the housing market.