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November 1st, 2022Committee meeting
Matt Poirier
International Trade committee I think I was going to get whiplash nodding in agreement. For years now, CME has been calling for an overarching industrial strategy for Canada. To Brian's point, we have that. The Monique Leroux report consulted with industry and all the players last year. It's on the shelf co
November 1st, 2022Committee meeting
Matt Poirier
November 1st, 2022Committee meeting
Matt Poirier
International Trade committee That's a great question. We've been focusing a lot on auto. That's what a lot of these proposals are targeted towards. All of manufacturing is being peeled away. We have energy production, mining and auto. Canada's response to the IRA needs to take into account all of these othe
November 1st, 2022Committee meeting
Matt Poirier
International Trade committee My quick answer is yes.
November 1st, 2022Committee meeting
Matt Poirier
International Trade committee Just to build on what the others have already said, I note we have a pretty big tool box already here in Canada for the various programs that are needed and have been contemplated in the IRA. It's sort of a mixed bag. We have a program that has just been dwarfed by the U.S. equiv
November 1st, 2022Committee meeting
Matt Poirier
International Trade committee If we don't have the mines up and running already, the timelines or time horizons for a new development are years if not decades sometimes. These are big, long-term investments. The concern that we have right now is that the incentives are so big in the IRA in the U.S. that we wo
November 1st, 2022Committee meeting
Matt Poirier
International Trade committee Good morning. It's my pleasure to be here on behalf of Canada's 90,000 manufacturers and exporters and our association's 2,500 direct members to discuss the impacts of the U.S. Inflation Reduction Act on Canadian manufacturing. The manufacturing industry directly generates 10% o
November 1st, 2022Committee meeting
Matt Poirier