Economy

Let's build a green Prairie economy – Winnipeg Free Press

Published

2 years ago

May 11, 2022

In February I tabled my private members bill, C-235: Building a Green Prairie Economy. Every level of government worked together in the interest of Canadians during the first months of the pandemic and bill C-235 takes its inspiration from this and efforts like it. Governments worked together and acted quickly to protect public health and support Canadians through economic hardship. The quick and decisive action sent a message to Canadians that we can overcome challenges when we work together it was the work of responsible government in action.

The Building a Green Prairie Economy act builds on this spirit, giving the minister responsible for Prairies Economic Development Canada a mandate and framework to consult with provincial, First Nation, Métis, and municipal governments, businesses, and civil society to prepare for changes to ensure we meet our net-zero emissions aim by 2050.

The Prairies hold so much potential for the future of Canadas green economy. For example, in Winnipeg South Centre, Carbon Lock Technologies is building a carbon capture and storage prototype to turn household food waste into solutions for agriculture sustainability. Alberta is already the largest hydrogen producer in Canada and can bring this clean, low-cost energy to Canada and the global market. The Prairie region grows the food that feeds the world, and I know the Prairies can also fuel the world.

In April, I spoke in the House of Commons about Budget 2022: A Plan to Grow Our Economy and Make Life More Affordable. The budget recognizes this is the moment for Canada to become a global leader in clean energy. Investments in low-carbon industries and innovative technologies such as carbon capture and storage, and clean hydrogen today will help workers and the economy and protect the planet. Additional priorities of this budget include affordable housing, dental care, affordable childcare, protecting freshwater resources and so much more.

To learn more about my private members bill or the budget for 2022, visit my website at jimcarr.libparl.ca or contact my office at 204-983-1355 or jim.carr@parl.gc.ca

My next town hall meeting is on Weds., May 25 at 7 p.m. Please watch my social media channels or contact my office for more information.

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Economy

S&P/TSX composite gains almost 100 points, U.S. stock markets also higher

Published

13 hours ago

September 13, 2024

Anne Joseph

TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

Statistics Canada reports wholesale sales higher in July

Published

20 hours ago

September 13, 2024

Anne Joseph

OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.

The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.

The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.

The personal and household goods subsector fell 2.5 per cent to $12.1 billion.

In volume terms, overall wholesale sales rose 0.5 per cent in July.

Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.

This report by The Canadian Press was first published Sept. 13, 2024.

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Economy

S&P/TSX composite up more than 150 points, U.S. stock markets mixed

Published

2 days ago

September 12, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 172.18 points at 23,383.35.

In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.

The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.

The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.

The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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