Scott Crockatt, vice-president of communications on the Enterprise Council of Alberta, stated Trudeau’s resignation seemingly halts progress on the emissions cap within the close to time period.
“I feel because of this one thing just like the oil and fuel emissions cap goes to see no additional growth for no less than (the primary quarter) of this 12 months, and — below what seems to be the probably situation — perhaps not till after the subsequent election,” Crockatt acknowledged.
Regardless of the short-term pause, he warned that Trudeau’s departure creates uncertainty throughout a vital interval.
Crockatt famous considerations about how Canada will handle commerce tensions with the US, significantly concerning president-elect Trump’s threatened tariffs. He emphasised the significance of federal management throughout negotiations.
“There are a lot of companies — particularly within the power sector — who’re doing offers as we speak that may take impact after the Trump presidency begins,” Crockatt stated. “And so it’s … regarding that it’s unclear what the subsequent few months are going to appear to be, when it comes to the Canada-US relationship.”