TORONTO, Dec. 11, 2020 /CNW/ – The Global Automakers of Canada, whose fifteen members represent the Canadian distributors of the world’s leading automakers commented on the release of the federal government’s “A Healthy Environment and a Healthy Economy” climate change plan.
“GHG emissions from new light-duty vehicles have decreased 21% since 2005 and automakers will continue to be part of Canada’s climate change solutions,” said David Adams, President and CEO. “Our members know that the future of light-duty vehicle transportation is decarbonized and they are doing their part with the introduction of more than 125 new zero emission vehicles (ZEVs) between now and 2025, however, the sale of ZEVs alone won’t achieve the necessary emissions reductions. It will be important for the government to seek reductions from the heavy-duty and commercial on-road sectors, as well as the current on-road light duty vehicle fleet by getting older, more polluting vehicles off of the road,” added Adams.
The transition to a decarbonized future of the automotive industry is revolutionary. It will require new or completely re-tooled assembly plants, new suppliers, new supply chains, re-trained workers at both the manufacturing and retail sales levels, robust charging (electric) and fueling (hydrogen) infrastructure, reliable supply of incentives at the manufacturer level to re-equip factories and at the consumer level to encourage the purchase of vehicles that currently have much higher prices. Additionally, investments in R&D and innovation in the decarbonized transportation space, along with the crucially important educational and awareness campaigns so that consumers not only understand the benefits of ZEVs, but also their own contribution to GHG emissions based on their vehicle choices specifically and their mobility choices generally.
“Vehicle manufacturers and distributors will continue to do their part in this transition, however it is essential that we have not only consultation but ongoing collaboration with the federal government – as well as the provinces – to achieve these challenging goals and targets,” said Adams.
SOURCE Global Automakers of Canada
For further information: David C. Adams, President & CEO, 416-333-2873
OTTAWA – The parliamentary budget officer says the federal government likely failed to keep its deficit below its promised $40 billion cap in the last fiscal year.
However the PBO also projects in its latest economic and fiscal outlook today that weak economic growth this year will begin to rebound in 2025.
The budget watchdog estimates in its report that the federal government posted a $46.8 billion deficit for the 2023-24 fiscal year.
Finance Minister Chrystia Freeland pledged a year ago to keep the deficit capped at $40 billion and in her spring budget said the deficit for 2023-24 stayed in line with that promise.
The final tally of the last year’s deficit will be confirmed when the government publishes its annual public accounts report this fall.
The PBO says economic growth will remain tepid this year but will rebound in 2025 as the Bank of Canada’s interest rate cuts stimulate spending and business investment.
This report by The Canadian Press was first published Oct. 17, 2024.
OTTAWA – Statistics Canada says the level of food insecurity increased in 2022 as inflation hit peak levels.
In a report using data from the Canadian community health survey, the agency says 15.6 per cent of households experienced some level of food insecurity in 2022 after being relatively stable from 2017 to 2021.
The reading was up from 9.6 per cent in 2017 and 11.6 per cent in 2018.
Statistics Canada says the prevalence of household food insecurity was slightly lower and stable during the pandemic years as it fell to 8.5 per cent in the fall of 2020 and 9.1 per cent in 2021.
In addition to an increase in the prevalence of food insecurity in 2022, the agency says there was an increase in the severity as more households reported moderate or severe food insecurity.
It also noted an increase in the number of Canadians living in moderately or severely food insecure households was also seen in the Canadian income survey data collected in the first half of 2023.
This report by The Canadian Press was first published Oct 16, 2024.
OTTAWA – Statistics Canada says manufacturing sales in August fell to their lowest level since January 2022 as sales in the primary metal and petroleum and coal product subsectors fell.
The agency says manufacturing sales fell 1.3 per cent to $69.4 billion in August, after rising 1.1 per cent in July.
The drop came as sales in the primary metal subsector dropped 6.4 per cent to $5.3 billion in August, on lower prices and lower volumes.
Sales in the petroleum and coal product subsector fell 3.7 per cent to $7.8 billion in August on lower prices.
Meanwhile, sales of aerospace products and parts rose 7.3 per cent to $2.7 billion in August and wood product sales increased 3.8 per cent to $3.1 billion.
Overall manufacturing sales in constant dollars fell 0.8 per cent in August.
This report by The Canadian Press was first published Oct. 16, 2024.
