Canadian response to U.S. Inflation Reduction Act should seek to boost ‘certainty’ for investors, says advocacy group

The new American law could ‘attract a lot of capital’ that ‘might otherwise go to Canada,' because it offers companies investing south of the border a much clearer picture of what incentives are available to them, says Canadians for Clean Prosperity.

Deputy Prime Minister Chrystia Freeland walks with Prime Minister Justin Trudeau on her way to give the fall economic statement on Nov. 3. While the federal government took some steps to respond to the U.S. Inflation Reduction Act, there are more policy measures they can implement, says Canadians for Clean Prosperity's Michael Bernstein. The Hill Times photograph by Andrew Meade

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BY IAN CAMPBELL

November 17, 2022

The landmark United States Inflation Reduction Act poses economic challenges and opportunities for Canada, say observers, but a chief response to the American law incentivizing industrial decarbonization must be to address the investor “certainty” it creates in cont...

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