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General Market Commentary
The Bank of Canada is expected to hold its rate at 2.25 per cent. Canada’s
economy showed a strong Q2 GDP rebound—but faces a turbulent
time as Washington implemented 50 per cent tari昀昀s on approximately
$28-billion of Canadian goods, and Ottawa has responded with dollarfor-dollar tari昀昀s.
When it comes to the Canadian cleantech sector, Prime Minister Mark
Carney announced a historic, multi-billion-dollar clean energy and
transmission agreement with Québec and Newfoundland and Labrador,
marking what o昀케cials call the largest clean power investment in North
American history.
“Canada is extending its unique advantage in clean, reliable, and
a昀昀ordable power. Because when we master energy, we master our
destiny,” said Prime Minister Carney. “Through cooperative federalism,
we are unlocking our immense potential, building big, building
sustainably, building in partnership, and building Canada strong for all.”
CUTLINE
E N V I RON M E N T J OURN A L QUA RT E RLY RE PORT • FA L L 2 02 6 • P AGE 3 1
