The most arresting chart in last year’s budget was the one showing projected economic growth rates in the member countries of the OECD over the next 40 years. In last place: Canada.
At last, we all thought: the Trudeau government had belatedly recognized Canada has a growth problem. Having fixated almost exclusively throughout its first seven years on redistributing income, perhaps it had now been persuaded of the importance of making some. True, Budget 2022 offered little in the way of new ideas to that end, but give it time. Rome wasn’t rethought in a day.
Trudeau and Freeland up the ante on a clean economy
Justin Trudeau’s basic argument is that Canada and the world face both historic challenges and unique opportunities — and the Liberals are better suited than the Conservatives to overcoming those challenges and seizing those opportunities.
Mind you, the two parties don’t entirely agree on which issues are most deserving of attention right now. But there is no bigger challenge than climate change and the transition to a low-carbon future it requires. And Tuesday’s federal budget — described by the Canadian Climate Institute as “the most consequential budget in recent history for accelerating clean growth in Canada” — could be a pivotal piece of the Liberal response.
