The federal government is extending the suspension of federal fuel excise taxes until the new year to help Canadians feeling the pressure from higher energy costs caused by instability in the Middle East.
The government acknowledges that ending the sales mandate would slow the rate of adoption of EVs, and could cause $90.3 billion in "potential climate change-related global damages."
The new energy agreement is promised to provide the power needed run manufacturing, more EV charging stations and other electrical needed to support Canadians.
A new oil pipeline would lift Canada and Alberta's gross domestic product, but perhaps not to the degree governments are forecasting, says a new report from TD Economics.