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Liberals table bill aimed at helping workers transition to clean-energy economy

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The federal Liberals introduced new legislation today that would require the government to develop and share a plan every five years to help workers transition to a clean-energy economy.

It would hold the government to account for its promises to help workers retrain and create new jobs as Canada shifts away from its current reality as a combustion-energy powerhouse.

The government says a clean-energy economy could create as many as 400,000 new jobs before the end of this decade alone.

The Liberals are calling Bill C-50 the Canadian Sustainable Jobs Act.

The pragmatic-sounding name belies the political fight ahead as energy-dependent provinces in Western Canada accuse Ottawa of trying to overstep its bounds.

Alberta Premier Danielle Smith has said her province would provide additional cash to help cut emissions from production only if Ottawa scrapped the sustainable jobs bill.

 

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Economy

September merchandise trade deficit narrows to $1.3 billion: Statistics Canada

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OTTAWA – Statistics Canada says the country’s merchandise trade deficit narrowed to $1.3 billion in September as imports fell more than exports.

The result compared with a revised deficit of $1.5 billion for August. The initial estimate for August released last month had shown a deficit of $1.1 billion.

Statistics Canada says the results for September came as total exports edged down 0.1 per cent to $63.9 billion.

Exports of metal and non-metallic mineral products fell 5.4 per cent as exports of unwrought gold, silver, and platinum group metals, and their alloys, decreased 15.4 per cent. Exports of energy products dropped 2.6 per cent as lower prices weighed on crude oil exports.

Meanwhile, imports for September fell 0.4 per cent to $65.1 billion as imports of metal and non-metallic mineral products dropped 12.7 per cent.

In volume terms, total exports rose 1.4 per cent in September while total imports were essentially unchanged in September.

This report by The Canadian Press was first published Nov. 5, 2024.

The Canadian Press. All rights reserved.

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Economy

How will the U.S. election impact the Canadian economy? – BNN Bloomberg

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How will the U.S. election impact the Canadian economy?  BNN Bloomberg

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Economy

Trump and Musk promise economic 'hardship' — and voters are noticing – MSNBC

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Trump and Musk promise economic ‘hardship’ — and voters are noticing  MSNBC

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